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Business, 11.12.2019 22:31 j015

Valorous corporation will pay a dividend of $1.80 per share at this year's end and a dividend of $2.40 per share at the end of next year. it is expected that the price of valorous' stock will be $44 per share after two years. if valorous has an equity cost of capital of 8%, what is the maximum price that a prudent investor would be willing to pay for a share of valorous stock today

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Valorous corporation will pay a dividend of $1.80 per share at this year's end and a dividend of $2....
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