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You have just purchased a share of stock for $ 21.56. The company is expected to pay a dividend of $ 0.55 per share in

You have just purchased a share of stock for $ 21.56. The company is expected to pay a dividend of $ 0.55 per share in exactly one year. If you want to earn a 9.8 % 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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