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Suppose Acap Corporation will pay a dividend of $2.34 per share at the end of this year and $2.59 per share next year. You expect

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Suppose Acap Corporation will pay a dividend of $2.34 per share at the end of this year and $2.59 per share next year. You expect Acap's stock price to be $26 in two years. Assume that Acap's equity cost of capital is 10%. What price would you be willing to pay for a share of Acap stock today

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