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Assume Evco, Inc. has a current stock price of $51.27 and will pay a $2.25 dividend in one year; its equity cost of capital is

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Assume Evco, Inc. has a current stock price of $51.27 and will pay a $2.25 dividend in one year; its equity cost of capital is 14%. What price must you expeet Evco stock bo set for iminesizali 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.)

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