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AssumeEvco, Inc. has a current stock price of $ 51.31 and will pay a $ 1.85 dividend in oneyear; its equity cost of capital is

AssumeEvco, Inc. has a current stock price of $ 51.31

and will pay a $ 1.85 dividend in oneyear; 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 currentprice?

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