Question: (One period stock pricing.) Nick's Marine Company (NMC) currently has a stock price per share of $40. If NMC's cost of equity capital (the discount

(One period stock pricing.) Nick's Marine Company (NMC) currently has a stock price per share of $40. If NMC's cost of equity capital (the discount rate for equity) is 13.2% and capital gains rate (gain/loss in prices relative to today's price) for the next year is expected to be 11.0%, the dividend in the upcoming year (t = 1) should be?

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