You have just purchased a share of stock for $19.59. The company is expected to pay...

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You have just purchased a share of stock for $19.59. The company is expected to pay a dividend of $0.54 per share in exactly one year. If you want to earn a 9.4% 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 $ . (Round to the nearest cent.) You have just purchased a share of stock for $19.59. The company is expected to pay a dividend of $0.54 per share in exactly one year. If you want to earn a 9.4% 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 $ . (Round to the nearest cent.)