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You have just purchased a share of stock for $ 1 8 . 4 1 . The company is expected to pay a dividend of

You have just purchased a share of stock for $18.41. The company is expected to pay a dividend of $0.69 per share in exactly one year. If you want to earn a 9.3% 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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