Business, 06.05.2020 02:32 mothertrucker2828

Valorous Corporation will pay a dividend of $ 1.90 per share at this year's end and a dividend of $ 2.35 per share at the end of next year. It is expected that the price of Valorous' stock will be $ 41 per share after two years. If Valorous has an equity cost of capital of 8%, what is the maximum price that a prudent investor would be willing to pay for a share of Valorous stock today?

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Valorous Corporation will pay a dividend of $ 1.90 per share at this year's end and a dividend of $...

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