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You have just purchased a share of stock for $ 18.86 The company is expected to pay a dividend of $ 0.58 per share in

You have just purchased a share of stock for

$ 18.86 The company is expected to pay a dividend of

$ 0.58 per share in exactly one year. If you want to earn a

10.6 % 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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