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You have just purchased a share of stock for $19.73. The company is expected to pay a dividend of $0.56 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 $.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92318324

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