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Credenza Industries is expected to pay a dividend of $1.95 at the end of the coming year. It is expected to sell for $66 at
Credenza Industries is expected to pay a dividend of $1.95 at the end of the coming year. It is expected to sell for $66 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. $5.45 OB. $3.66 O C. $60.55 OD. $62.34
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
2nd edition
978-0078025518
