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You have just purchased a share of stock for $20.52. The company is expected to...

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Finance

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You have just purchased a share of stock for $20.52. The company is expected to pay a dividend of $0.50 per share in exactly one year. If you want to sama 9.4% 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 cont.)

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