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Owen Inc. has a current stock price of $15.00 and is expected to pay a $0.80 dividend in one year. If Owens equity cost of

Owen Inc. has a current stock price of $15.00 and is expected to pay a $0.80 dividend in one year. If Owens equity cost of capital is 12%, what price would its stock be expected to sell for immediately after it pays the dividend

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