Question
You have just purchased a share of stock for $21.01. The company is expected to pay a dividend of $0.66 per share in exactly
You have just purchased a share of stock for $21.01. The company is expected to pay a dividend of $0.66 per share in exactly one year. If you want to earn a 9.3% return on your investment, what price do you need if you expect to sell the share immediately after it pays the dividend? The price one year from now should be $ (Round to the nearest cent.)
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Global Edition
1292437154, 978-1292437156
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