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Owenlnc has a current stock price of $14.40 and is expected to pay a $0.75 dividend in one year. If Owenlnc's equity cost of capital
Owenlnc has a current stock price of $14.40 and is expected to pay a $0.75 dividend in one year. If Owenlnc's equity cost of capital is 12%, what price would Owenlnc's stock be expected to sell for immediately after it pays the dividend? A. $16.13 B. $12.30 C. $15.38 D. $10.77
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