Multiple Choice
This morning,you purchased one share of stock for $26.The stock pays $.32 per share each quarter as a dividend.What must the stock price be 1 year from now if you want to earn a total return of 16 percent for the year?
A) $29.84
B) $28.88
C) $25.01
D) $27.12
E) $27.46
Correct Answer:
Verified
Correct Answer:
Verified
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