Business, 24.06.2019 19:50 katiekern5207

Valorous corporation will pay a dividend of $ 1.80 per share at this year's end and a dividend of $ 2.45 per share at the end of next year. it is expected that the price of valorous' stock will be $ 42 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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