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LULUU - Question Help P9-1 (similar to) Con View Assume Evco, Inc., has a current stock price of $47 and will pay a $180 dividend

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LULUU - Question Help P9-1 (similar to) Con View Assume Evco, Inc., has a current stock price of $47 and will pay a $180 dividend in one year, its equity cost of capital is 13% What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justify its current price? The expected price is $(Round to the nearest cent)

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