You have just purchased a share of stock for $19.05. The company is expected to pay a
Question:
You have just purchased a share of stock for $19.05. The company is expected to pay a dividend of $0.63 per share in exactly one year. If you want to earn a 9.2% return on your investment, what price do you need if you expect to sell the share immediately after it pays the dividend?
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Related Book For 
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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