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You are considering the purchase of shares in Ponte Pinnacle Realty Trust. You expect to hold the stock for one year. At the end of the year, you expect to receive a dividend of $2.50 and the stock is expected to be $40.00 per share. If you expect to receive a return of 16.00% on your investment, what would you be willing to pay for the stock today?

Financial Management, Finance

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