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slove correct otherwise I will devote it P 11-5 (similar to) Question Help You...

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Finance

imageslove correct otherwise I will devote it

P 11-5 (similar to) Question Help You have just purchased a share of stock for $18.54. The company is expected to pay a dividend of $0.58 per share in exactly one year. If you want to earn a 9.8% 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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