(One period stock pricing.) Nick's Marine Company (NMC) currently has a stock price per share of $47. If NMC's cost of equity capital (the discount rate for equity) is 13.5% and capital gains rate (gain/loss in prices relative to today's price) for the next year is expected to be 11.1%,  calculate the dividend in the upcoming year (t = 1).

Answer rating: 100% (QA)

To calculate the dividend in the upcoming year t 1 we need to use the div... View the full answer