Assume Evco, Inc. has a current stock price of $46.76 and will pay a $1.95 dividend in
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Assume Evco, Inc. has a current stock price of $46.76 and will pay a $1.95 dividend in one year; its equity cost of capital is 19%. 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?
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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