You have just purchased a share of stock for $ 21.03, The company is expected to...

You have just purchased a share of stock for $ 21.03, The company is expected

to pay a dividend of $ 0.65 per share in exactly one year.

If you want to earn a 9.9 % 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.)

Expert Solution

jeff jeffy answered 6 months ago

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