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You know that the price of Cullumber, Inc., stock will be $ 18 exactly one year from today. Today the price of the stock is
You know that the price of Cullumber, Inc., stock will be $ 18 exactly one year from today. Today the price of the stock is $ 16. Determine what must happen to the price of Cullumber, Inc., today in order for an investor to generate a 20 percent return over the next year. Assume that Cullumber does not pay dividends. The price should select between drop or rise to $ enter the price that will let to generate a 20 percent return over the next year .
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