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Assume Evco, Inc. will pay a $1.6 dividend per share in one year and its stock is currently trading for $28.20. If its equity cost

Assume Evco, Inc. will pay a $1.6 dividend per share in one year and its stock is currently trading for $28.20. If its equity cost of capital is 12%, what do you expect Evco's stock price to be in one year immediately after the dividend is paid?.... correct answer is 30.0 but what are the steps to get to that

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