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You have just purchased a share of stock for $ 2 0 . 1 9 . The company is expected to pay a dividend of
You have just purchased a share of stock for $ The company is expected to pay a dividend of $ per share in exactly one year. If you want to earn a return on
your investment, what price do you need if 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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