You are considering acquiring a common stock that you would like to hold for one year. you expect to receive both $0.75 in dividends and $16 from the sale of the stock at the end of the year. the maxi

You are considering acquiring a common stock that you would like to hold for one year. you expect to receive both $0.75 in dividends and $16 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 12% return.