You have just purchased a share for $30.29. The company is expected to pay a dividend of
Fantastic news! We've Found the answer you've been seeking!
Question:
You have just purchased a share for
$30.29.
The company is expected to pay a dividend of
$0.65
per share in exactly one year. If you want to earn a
9.7%
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
$nothing.
(Round to the nearest cent.)
Posted Date: