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You have just purchased a share of stock for $21.43. The company is expected to pay a dividend of $0.66 per share in exactly

You have just purchased a share of stock for $21.43. The company is expected to pay a dividend of $0.66 per share in exactly one year. If you want to eam a 10.4% retum on your investiment, what price do you need 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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