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Credenza Industries is expected to pay a dividend of $1.05 at the end of the coming year. It is expected to sell for $68 at

Credenza Industries is expected to pay a dividend of $1.05 at the end of the coming year. It is expected to sell for $68 at the end of the year. If its equity cost of capital is 8%,

what is the expected capital gain from the sale of this stock at the end of the coming year?

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