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Consider the current share price of NIKS Inc., which is $50.36. The company will pay a dividend of $2.20 in one year. The cost of

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Consider the current share price of NIKS Inc., which is $50.36. The company will pay a dividend of $2.20 in one year. The cost of equity capital of the firm is 12%. What price should you expect NIKS's stock to sell for immediately after it pays the dividend in one year to justify its current market price? Select one: O $22.89 O $54,203 $69.92 $56.40

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