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Suppose Acap Corporation will pay a dividend of $2.89 per share at the end of this year and $3.07 per share next year. You expect

Suppose Acap Corporation will pay a dividend of $2.89 per share at the end of this year and $3.07 per share next year. You expect Acap's stock price to be $51.16 in two years. Assume that Acap's equit...

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