Question: Problem #2 (5 Marks) You have just purchased a share of a company for $20. The company is expected to pay a dividend of $.45

Problem #2 (5 Marks) You have just purchased a share of

Problem #2 (5 Marks) You have just purchased a share of a company for $20. The company is expected to pay a dividend of $.45 per share in exactly one year. If you want to earn a 12% return on your investment, what price do you need receive if you expect to sell the share immediately after it pays the dividend

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