Question: Question Help Assume Evco, Inc. has a current stock price of S50 00 and will pay a S2.00 dividend in one year, its equity cost

Question Help Assume Evco, Inc. has a current stock price of

Question Help Assume Evco, Inc. has a current stock price of S50 00 and will pay a S2.00 dividend in one year, its equity cost of capital is 15%, what price must you expect tock to sell for immediately after the firm pays the dividend in one year to justify its current price? Evco Ne can expect Evco stock to sell for $(Round to the nearest cent.)

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