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Assume​ Evco, Inc. has a current stock price of $ 47.53 and will pay a $...

Assume​ Evco, Inc. has a current stock price of $ 47.53 and will pay a $ 2.00 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?

We can expect Evco stock to sell for ________?​(Round to the nearest​ cent.)

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