You expect to sell share immediately after it pays dividend

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Reference no: EM131620308

You have just purchased a share of stock for $20.00. The company is expected to pay a dividend of $0.50 per share in exactly one year. If you want to earn a 10.0% 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 S (Round to the nearest cent)

Reference no: EM131620308

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