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Assume EvcoEvco , Inc . , has a current stock price of $ 3 7 . 8 7 3 7 . 8 7 and will

Assume EvcoEvco,Inc., has a current stock price of $37.8737.87 and will pay a $1.801.80 dividend in one year; its equity cost of capital is 10%10%. What price must you expect EvcoEvco stock to sell for immediately after the firm pays the dividend in one year to justify its current price?

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