Sell the share immediately after it pays the? dividend

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Reference no: EM131529927

You have just purchased a share of stock for $20.64. The company is expected to pay a dividend of $0.69 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 nearest cent)

Reference no: EM131529927

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