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OwenInc has a current stock price of $13.10 and is expected to pay a $0.70 dividend in one year. If OwenInc's equity cost of capital
OwenInc has a current stock price of
$13.10
and is expected to pay a
$0.70
dividend in one year. If OwenInc's equity cost of capital is
12%,
what price would OwenInc's stock be expected to sell for immediately after it pays the dividend?
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