Company A has a current stock price of S60 and is expected to pay a $2 dividend in one year, The equity cost of capital is 8.9%. What price would its stock be expected to sell for immediately after it...

Company A has a current stock price of S60 and is expected to pay a $2 dividend in one year, The equity cost of capital is 8.9%. What price would its stock be expected to sell for immediately after it pays the divldend? Note: Express your
answers in strictly numerical terms. For example, if the answer is $500, enter 500 as an answer.