You plan to buy a common stock and hold it for one year you, Business Economics

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You plan to buy a common stock and hold it for one year you

You plan to buy a common stock and hold it for one year. You expect to receive both $1.50 from dividends and $26 from the sale of the stock at the end of the year. If you wanted to earn a 15 percent rate of return, what is the maximum price you would pay for the stock today?

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Business Economics: You plan to buy a common stock and hold it for one year you

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