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What is the maximum price you would pay for the share today

You are considering acquiring a share and selling it at the end of one year. You expect to receive both $2 in dividends and $11 from the sale of the share at the end of the year. What is the maximum price you would pay for the share today if you wanted to earn a 12.48% p.a. return?

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Finance Basics: What is the maximum price you would pay for the share today

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