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Assume? Evco, Inc. has a current stock price of $51.16 and will pay a $2.15 dividend in one? year; its equity cost of capital is 10%. What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justify its current? price? We can expect Evco stock to sell for_ (round to the nearest cent)

Financial Management, Finance

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