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You have just purchased a share of stock for $19.12. The company is expected to...

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Accounting

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You have just purchased a share of stock for $19.12. The company is expected to pay a dividend of $0.52 per share in exactly one year. If you want to earn a 10.9% 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.)

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