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Von Bora Corporation is expected to pay a dividend of $1.25 per share at the end of this year and a $1.75 per share at

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Von Bora Corporation is expected to pay a dividend of $1.25 per share at the end of this year and a $1.75 per share at the end of the second year. You expect Von Bora's stock price to be $30.00 at the end of two years. Von Bora's equity cost of capital is 8%. 2) The price you would be willing to pay today for a share of Von Bora stock, if you plan to hold the stock for two years is closest to

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