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Assume Evco,Inc., has a stock price of $52.28 and will pay a $1.95 dividend in one year; its equity cost of capital is 12%. Whatprice

Assume Evco,Inc., has a stock price of $52.28 and will pay a $1.95 dividend in one year; its equity cost of capital is 12%. Whatprice must you expect Evco stock to sell for immediately after thefirm pays the dividend in one year to justify its currentprice?

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