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Credenza Industries is expected to pay a dividend of $1.30 at the end of the coming year. It is expected to sell for $70 at
Credenza Industries is expected to pay a dividend of $1.30 at the end of the coming year. It is expected to sell for $70 at the end of the year. If its equity cost of capital is 10%, what is the expected capital gain from the sale of this stock at the end of the coming year? A. $6.36 B. $64.82 C. $63.64 D. $5.18
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