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Company A sells for a price of $42.39 in a year from now and is expected to pay a $3.31 dividend in one year. The
Company A sells for a price of $42.39 in a year from now and is expected to pay a $3.31 dividend in one year. The equity cost of capital is 9.09%. What price would you be able to pay for this stock in order to receive that return?
NOTE: Enter the number rounding to two decimals. If your answer is $5.6786, your answer must be 5.68. Do not use Excel
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