Question: You are considering purchasing the AlphaTech stock, AlphaTech pays a dividend of 50 cents/share every quarter. You expect to sell AlphaTech after you collect the

You are considering purchasing the AlphaTech stock, AlphaTech pays a dividend of 50 cents/share every quarter. You expect to sell AlphaTech after you collect the 4th quarter dividend in December for a price of $45.The annual required rate of return on AlphaTech is 15% compounded quarterly.How much should you pay for each share?

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