Question: Test: Exam2-Fall20 18 Time Remaining: 00:34:30 Submit Test This Question: 1 pt 11of22 (12 complete) This Test: 22 pts possible Question Help Assume Evco, Inc.

Test: Exam2-Fall20 18 Time Remaining: 00:34:30 Submit Test This Question: 1 pt 11of22 (12 complete) This Test: 22 pts possible Question Help Assume Evco, Inc. has a current stock price of $45 87 and will pay a $1.90 dividend in one year, its og ity cost of capital is 14% 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? we can expect Evo stock to sell for (Round to the nearest cent ) Enter your answer in the answer box

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