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What price do you need

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Question - You have just purchased a share of stock for $ 18.99. The company is expected to pay a dividend of $ 0.71 per share in exactly one year. If you want to earn a 9.1 % return on your investment, what price do you need if you expect to sell the share immediately after it pays the dividend (one year from now)?

Reference no: EM132184629

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