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Use the information for the question(s) below. JP Morgan Chase is expected pay a dividend of $1.40 per share at the end of this year

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Use the information for the question(s) below. JP Morgan Chase is expected pay a dividend of $1.40 per share at the end of this year and a $1.50 per share at the end of the second year. You expect JP Morgan Chase 's stock price to be $25.00 at the end of two years. JP Morgan Chase a's equity cost of capital is 10%. Suppose you plan on purchasing JP Morgan Chase in one year, right after the $1.40 dividend is paid. You then plan on selling your stock at the end of year two, right after the $1.50 dividend is paid. The capital gain rate that you will receive on your investment is closest to

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