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Question number 21 Credenza Industries is expected to pay a dividend of $1.65 at the end of the coming year. It is expected to sell
Question number 21
Credenza Industries is expected to pay a dividend of $1.65 at the end of the coming year. It is expected to sell for $60 at the end of the year. If its equity cost of capital is 8%, what is the expected capital gain from the sale of this stock at the end of the coming year? O A. $57.08 OB. $2.92 O C. $4.44 OD. $55.56Step by Step Solution
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