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You have just purchased a share of stock for $21.66. The company is expected to pay a dividend of $ 0.66 per share in exactly
You have just purchased a share of stock for $21.66. The company is expected to pay a dividend of $ 0.66 per share in exactly one year. If you want to earn a 9.30% 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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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
