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This Question: 1 pt 12 of 16 (7 complete) This Test: 16 pts possit Assume Evco, Inc. has a current stock price of $46.97 and

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This Question: 1 pt 12 of 16 (7 complete) This Test: 16 pts possit Assume Evco, Inc. has a current stock price of $46.97 and will pay a 51.90 dividend in one year, its equity cost of capital is 11% What price must you expect Evce stock to sell for immediately after the form pays the dividend in one year to justify its current price? We can expect Evco stock to sell for 5 (Round to the nearest cent)

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