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Question 7 Valorous Corporation will pay a dividend of $1.80 per share in year 1 and a dividend of $2.40 per share in year 2

image text in transcribed Question 7 Valorous Corporation will pay a dividend of $1.80 per share in year 1 and a dividend of $2.40 per share in year 2 . The share price after paying the second dividend is $44. If Valorous has a cost of equity of 8%, what is the price that a prudent investor would be willing to pay for the share

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