You have just purchased a share of stock for $ 21.41 . The company is expected to pay a dividend of $ 0.72 per share in exactly one year. If you want to earn a 9.4 % return on your ​ investment, what...

You have just purchased a share of stock for


$ 21.41

.

The company is expected to pay a dividend of


$0.72



per share in exactly one year. If you want to earn a



9.4%


return on your​
 investment,
what price do you need if you expect to sell the share immediately after it pays the​
 dividend?