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Credenza Industries is expected to pay a dividend of $1.2 at the end of the coming year. It is expected to sell for $60 at

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Credenza Industries is expected to pay a dividend of $1.2 at the end of the coming year. It is expected to sell for $60 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? A. $4.44 B. $56.67 C. $55.56 D. $3.33

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