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Assume Evco, Inc. has a current stock price of $ 5 0 . 0 0 and will pay a $ 2 . 0 0 dividend

Assume Evco, Inc. has a current stock price of $50.00 and will pay a $2.00 dividend in one year; its equity cost of capital is 15%. What price m 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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