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QUESTION
Nick's Marine Company (NMC) currently has a stock price per share of $51. If NMC's cost of equity capital (the discount rate for equity) is 13.
Nick's Marine Company (NMC) currently has a stock price per share of $51. If NMC's cost of equity capital (the discount rate for equity) is 13.0% and capital gains rate (gain/loss in prices relative to today's price) for the next year is expected to be 10.7%, the dividend in the upcoming year (t = 1) should be?
