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You have just purchased a share of stock for $20.58. The company is expected to pay a dividend of $0.53 per share in exactly one year. If you want to earn a 10.3% 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 cont.) COID You have just purchased a share of stock for $20.58. The company is expected to pay a dividend of $0.53 per share in exactly one year. If you want to earn a 10.3% 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 cont.) COID
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Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Posted Date:
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