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Assume Evco Inc. has a current stock price of $50 and will pay a $2 dividend in one year; its equity cost of capital is

Assume Evco Inc. has a current stock price of $50 and will pay a $2 dividend in one year; its equity cost of capital is 15%. 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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