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Shoelace Inc. has the following expected dividends per share: $1 in year 1, and $1.5 in year 2. In year 2, its stock will be

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Shoelace Inc. has the following expected dividends per share: $1 in year 1, and $1.5 in year 2. In year 2, its stock will be selling for $24.00 per share. If its equity cost of capital is 6.00%, what is the current stock price of Shoelace Inc.? $21.36 $23,64 $2.28 $23.86

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