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You know that the price of Crane, Inc., stock will be $31 exactly one year from today. Today the price of the stock is $30.

You know that the price of Crane, Inc., stock will be $31 exactly one year from today. Today the price of the stock is $30. Determine what must happen to the price of Crane, Inc., today in order for an investor to generate a 24 percent return over the next year. Assume that Crane does not pay dividends.

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