You have just purchased a share of stock for $20.29. The company is expected to pay a dividend of $0.52 per share in exactly one year. If you want to earn a 9.1% return on your​ investment, what price...


You have just purchased a share of stock for $20.29.
The company is expected to pay a dividend of $0.52 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?

The price one year from now should be $_______.
​(Round to the nearest​ cent.)


Jun 07, 2022
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