What price must you expect evco stock to sell for


Assume? Evco, Inc., has a current stock price of $43 and will pay a $ 2.05 dividend in one? year; its equity cost of capital is 14%. What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justify its current? price?

The expected price is ?$? ?(Round to the nearest? cent.)

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Financial Management: What price must you expect evco stock to sell for
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