Question
Assume Evco Inc. Has a current stock price of $44 and will pay 2.25 dividend in one year, its equity cost of capital is 14%
Assume Evco Inc. Has a current stock price of $44 and will pay 2.25 dividend in one year, its equity cost of capital is 14% What price must you expect stock to sell for immediately after the firm pays the dividend in one year to justify its current price?
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Financial Markets And Institutions
Authors: Stanley Eakins Frederic Mishkin
9th Global Edition
1292215003, 978-1292215006
