Question
You have just purchased a share of stock for $21.64. The company is expected to pay a dividend of $0.51 per share in exactly one
You have just purchased a share of stock for
$21.64.
The company is expected to pay a dividend of
$0.51
per share in exactly one year. If you want to earn a
10.8%
return 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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Public Finance
Authors: John E. Anderson
2nd edition
978-0538478441, 538478446, 978-1133708360, 1133708366, 978-1111526986
