What price do you need you expect to sell share immediately, Financial Accounting

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What price do you need you expect to sell share immediately

Problem

You have just purchased a share of stock for $18.51. The company is expected to pay a dividend of $0.72 per share in exactly one year. If you want to earn a 9.7% return on your investment, what price do you need if you expect to sell the share immediately after it pays the dividend?

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Financial Accounting: What price do you need you expect to sell share immediately

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Financial Accounting: What price do you need you expect to sell share immediately

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