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  3. you have just purchased a share of stock for $ 21.

You have just purchased a share of stock for $ 21.03, The company is expected to pay...

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Finance

You have just purchased a share of stock for $ 21.03, Thecompany is expected

to pay a dividend of $ 0.65 per share in exactly one year.

If you want to earn a 9.9 % return on your? investment, whatprice 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 tothe nearest? cent.)

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