Shane purchased a stock this morning at a cost of 11 a, Financial Management

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Shane purchased a stock this morning at a cost of 11 a

Shane purchased a stock this morning at a cost of $11 a share. He expects to receive an annual dividend of $.27 a share next year. What will the price of the stock have to be one year from today if Shane is to earn a 15 percent rate of return on this investment?

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Financial Management: Shane purchased a stock this morning at a cost of 11 a

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