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QUESTION
22. Deltona stock sold for $38.60 a share one year ago and pays an annual dividend of $1.55. What does the stock price need to be today for the
22. Deltona stock sold for $38.60 a share one year ago and pays an annual dividend of $1.55. What does
the stock price need to be today for the annual capital gain to be 7.5 percent?
A. $39.95
B. $40.08
C. $41.50
D. $41.63
E. $43.18
