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owenInc has a current stock price of $14.60 and is expected to pay a 0.85% dividend in one year. if OwenInc's equity cost of capital

owenInc has a current stock price of $14.60 and is expected to pay a 0.85% 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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