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24. Suppose you are thinking of purchasing the Moore Co's common stock today. If you expect Moore to S2.4 dividend at the end of year

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24. Suppose you are thinking of purchasing the Moore Co's common stock today. If you expect Moore to S2.4 dividend at the end of year one and $2.4 dividend at the end of year two and you believe that y sell the stock for $93 at that time. If your required return on this investment is 11%, how much will you be willing to pay for the stock? (hint: it is a two-year holding period) A) $79.5 B) $72.8 C) $74.82 D) $78.5

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