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OwenInc has a current stock price of $14.90 and is expected to pay a $.75 dividend in one year. If OwenInc's equity cost of capital

OwenInc has a current stock price of $14.90 and is expected to pay a $.75 dividend in one year. If OwenInc's equity cost of capital is 11%, what price would OwenInc's stock be expected to sell for immediately after it pays the dividend?

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