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AssumeEvco, Inc. has a current stock price of $46.03 and will pay a $1.90 dividend in oneyear; its equity cost of capital is 17%. What

AssumeEvco, Inc. has a current stock price of $46.03 and will pay a $1.90 dividend in oneyear; its equity cost of capital is 17%. What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justify its currentprice?

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