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This Morning You Purchased One Share of Stock for $14

Question 27

Multiple Choice

This morning you purchased one share of stock for $14.The stock pays $.20 per share each quarter as a dividend.What must the stock price be one year from now if you want to earn a total return of 12 percent for the year?


A) $14.54
B) $14.88
C) $15.01
D) $13.12
E) $13.46

Correct Answer:

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