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Credenza Industries is expected to pay a dividend of $1.70 at the end of the coming year. It is expected to sell for $61 at
Credenza Industries is expected to pay a dividend of $1.70 at the end of the coming year. It is expected to sell for $61 at the end of the year. If its equity cost of capital is 9%, what is the expected capital gain from the sale of this stock at the end of the coming year? O A. $5.04 O B. $55.96 O C. $57.52 OD. $3.48
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