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Suppose Acap Corporation will poy a dividend of $2.87 per share at the end of this year, and 52.98 per share next year. You expect

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Suppose Acap Corporation will poy a dividend of $2.87 per share at the end of this year, and 52.98 per share next year. You expect Acap's stock price to be 550.45 in teo years if Acap's equity coet of capital is 10A Ay a. Whut price would you be wiling to pay for a share of Acap stock todyy, if you planned to hold the stock for two years? b. Suppose instesd you plan to hoid the stock for one year. What price would you gxpect to be able to sel a share of Acap stock for in one year? c. Given your anower in part (b), what price would you be willing to pay for a share of Acap llock today, if you panned to hold the stock for one year? How does this compare fo your answer in part (a)?] Mote: it is best not to mound etermedate caladabions - make sure ta carry at least four decimal places in intermedate calculations

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