URGENT DUE LESS THAN AN HOUR Credenza Industries is expected to pay a dividend...
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URGENT DUE LESS THAN AN HOUR
Credenza Industries is expected to pay a dividend of $1.25 at the end of the coming year. It is expected to sell for $62 at the end of the year. If its equity cost of capital is 9%, what is the expected capital gain from the sale of this stock at the end of the coming year?
A. $58.03
B.$5.12
C. $56.88
D. $3.97
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