What is the maximum price that a prudent investor would be


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 $ 43 per share after two years. If Valorous has an equity cost of capital of 10 ?%, 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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Financial Management: What is the maximum price that a prudent investor would be
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