Ou are considering acquiring a common stock that you would like to hold for one year. you expect to receive both $1.25 in dividends and $32 from the sale of the stock at the end of the year. the maximum price you would pay for the stock today is _____ if you wanted to earn a 10% return.
Added by Samuel C.
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25 / (1 + 0.1)^1 = $1.1364 Show more…
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