$7.14 is the stock price today.
Here's how you check to make sure it's correct. If you buy a stock that's $7.14 .
7.14 x .14 = $1.00 dividend
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If 7.14 not the answer, then the question is ambiguous because it doesnt indicate if the investor wants to earn 14% every year or for all 7 years.
I am honestly at a loss for how to find the stock price.
I need to find the stock price if an investor wants to earn 14% and 21%.
If you could also try and explain that would be great!!
