50.1K
Verified Solution
Link Copied!
you have just purchased a share of stock for
$19.26.
The company is expected to pay a dividend of
$0.75
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?
Question content area bottom
Part 1
The price one year from now should be
$enter your response here.
(Round to the nearest cent.)
Answer & Explanation
Solved by verified expert
