Answered You can hire a professional tutor to get the answer.
QUESTION
OwenInc has a current stock price of $14.50 and is expected to pay a $0.85 dividend in one year.
OwenInc has a current stock price of $14.50 and is expected to pay a $0.85 dividend in one year. If OwenInc's equity cost of capital is 12%, what price would OwenInc's stock be expected to sell for immediately after it pays the dividend?
