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You have just purchased a share of stock for $21.42. The company is expected to pay a dividend of $0.71 per share in exactly one

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You have just purchased a share of stock for $21.42. The company is expected to pay a dividend of $0.71 per share in exactly one year. If you want to earn a 10.5% retum on your investment, what price do you need if you expect to sell the share immediately after it pays the dividend

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