Question: Question 2 0 ( 1 point ) Find the price of the following stock today ( using formula 7 . 1 of the textbook )

Question 20(1 point)
Find the price of the following stock today (using formula 7.1 of the textbook): It is expected to pay out a dividend of $1.35 per share in one year. The expected stock price in one year is $28 per share and investors' expected return is 7%. Round to the nearest penny.
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Question 20(1 point) Find the price of the following stock today

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