What is the maximum price that you would pay for a share, Financial Management

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What is the maximum price that you would pay for a share

You want to purchase common stock of ValleyMax Corporation and hold it for 1 year. ValleyMax has announced dividends of $1.70 for the next year. Based on your analysis, you expect to sell the stock for $30 per share at the end of the year. What is the maximum price that you would pay for a share today if you wanted to earn a 12% return?

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Financial Management: What is the maximum price that you would pay for a share

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Financial Management: What is the maximum price that you would pay for a share

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