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Suppose Acap Corporation will pay a dividend of $2.77 per share ot the end of this year, and $2.99 per share next year, You expect

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Suppose Acap Corporation will pay a dividend of $2.77 per share ot the end of this year, and $2.99 per share next year, You expect Acap's stork prise fo be $50.34 in two years. If Acap's equity cost of capital is 10.2% . What price would you be willing to pay for as share of Acap stock, today, if you plannod to hold the stock for two years? b. Suppose instead you plan to hold the stock for one year, What price would you expect to be able to sell a share of Acap stock for in one year? c. Given your answer in part (b), what price would you be wiling to pay for a share of Acap stock todary, if you planned to hold the slock for one yoar? How does this compare to yout answer in part (a)? Note: It is best not to round intermodiale calculations - make sure to carry at leost four decimal places in interneciate calculations

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