Julia's Jewel Company (JJC) currently has a stock price of $51 per share.
If JJC's cost of equity capital (same as discount rate for equity) is 19% and the current dividend yield (DIV1/P0) is 6.00%, the expected price per share of the company in one year (t = 1) is closest to?
Solution: Julia's Jewel Company (JJC) currently has a stock price of $51 per share