Berkshire XC Ski Tours (BXC) had a share price at the start of the year...
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Accounting
Berkshire XC Ski Tours (BXC) had a share price at the start of the year of $87.23 and paid a dividend of $2.14 at the end of the year. If BXC has an equity cost of capital of 16%, what price would you expect to pay for a share of stock just after it pays its dividend at the end of the year?(round to the nearest cent $x.xx)
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