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Suppose Acap Corporation will pay a dividend of $2.72 per share at the end of this year and $2.94 per share next year. You expect Acap's stock price to be $53.51 in two years. Assume that Acap's equity cost of capital is 9.2%. a. What price would you be willing to pay for a share of Acap stock today if you planned to hold the stock for two years? b. Suppose, instead, you plan to hold the stock for one year. For what price would you expect to be able to sell a share of Acap stock in one year? c. Given your answer in part b, what price would you be willing to pay for a share of Acap stock toda if you planned to hold the stock for one year? How does this price compare to your answer in part a Ovit, Inc. has preferred stock with a price of $20.00 and a dividend of $1.50 per year. What is its dividend yield? The dividend yield is \%. (Round to one decimal place.) Achi Corp has preferred stock with an annual dividend of $3.19. If the required return on Achi's preferred stock is 7.9%, what is its price? (Hint: For a preferred stock, the dividend growth rate is zero.) Achi's stock price will be $. (Round to the nearest cent.)