Question: please answer (Chapter 1 Assume Evco, Inc. has a current stock price of $45 29 and will pay a $1,80 dividend in one year, its

please answer

(Chapter 1 Assume Evco, Inc. has a current stock price of $45 29 and will pay a $1,80 dividend in one year, its equity cost of capital is 12%. 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? (Round to the nearest cent) We can expect Evco stock to sel for

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