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Suppose Acap Corporation will pay a dividend of $2.83 per share at the end of this year, and $ 3.08 per share next year. You

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Suppose Acap Corporation will pay a dividend of $2.83 per share at the end of this year, and $ 3.08 per share next year. You expect Acap's stock price to be \$53.27 in two years. If Acap's equity cost of capital is 10.3%, what price would you be willing to pay for a share of Acap stock today, if you planned to hold the stock for two years? 51.09 48.8839.23 40.23

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