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Suppose Acap Corporation will pay a dividend of $1.9 per share at the end of this year and $2.15 per share next year. You expect
Suppose Acap Corporation will pay a dividend of $1.9 per share at the end of this year and $2.15 per share next year. You expect Acaps stock price to be $35 in two years. Assume that Acaps equity cost of capital is 13%. What price would you be willing to pay for a share of Acap stock today?
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Modern Advanced Accounting in Canada
Authors: Hilton Murray, Herauf Darrell
8th edition
1259087557, 1057317623, 978-1259087554
