Question 16 FLAG QUESTION 12 Esplanade Bike Rentals (EBR) had a share price at the start of the year of $64.00 and paid a dividend of $3.00 at the end of the year. If EBR has an equity cost of capital...

Extracted text: Question 16 FLAG QUESTION 12 Esplanade Bike Rentals (EBR) had a share price at the start of the year of $64.00 and paid a dividend of $3.00 at the end of the year. If EBR has an equity cost of capital of 14%, what price would you expect to pay for a share of stock just after it 13 pays its dividend at the end of the year? (1 ) (round to the nearest cent: $x.xx) 14 Answers 1- 1 5 1. Previous HONS VERSION 2M.6.4