Share immediately after it pays the dividend

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Reference no: EM131532739

You have just purchased a share of stock for $21.96. The company is expected to pay a dividend of $0.68 per share in exactly one year. If you want to earn a 9.8% 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.)

Reference no: EM131532739

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