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15. Credenza Industries is expected to pay a dividend of $1.80 at the end of the coming year. It is expected to sell for $62

15. Credenza Industries is expected to pay a dividend of $1.80 at the end of the coming year. It is expected to sell for $62 at the end of the year. If its equity cost of capital is 8%, what is the expected capital gain from the sale of this stock at the end of the coming year?

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