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Assume Evco,Inc., has a stock price of $58 and will pay a $1.80 dividend in one year; its equity cost of capital is 15%. What

Assume Evco,Inc., has a stock price of $58 and will pay a $1.80 dividend in one year; its equity cost of capital is 15%. What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justify its current price?

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