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Company A has a current stock price of $100 and is expected to pay a $7 dividend in one year. The equity cost of capital

"Company A has a current stock price of $100 and is expected to pay a $7 dividend in one year. The equity cost of capital is 10%. What price would its stock be expected to sell for immediately after it pays the dividend? Note: Express your answers in strictly numerical terms. For example, if the answer is $500, enter 500 as an answer."

"Company B is expected to pay dividends of $2 every 6 months for the next 6 years. If the current price of Company B stock is $22, and Company B's equity cost of capital is 10%. What price would you expect the stock to sell for at the end of 6 years? Note: Express your answers in strictly numerical terms. For example, if the answer is $500, enter 500 as an answer."

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