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Assume? Evco, Inc. has a current stock price of $53.69 and will pay a $1.90 dividend in one? year; its equity cost of capital is 12%.

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?

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Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92095099

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