Valorous Corporation will pay a dividend of $1.80 per share at this? year's end and a dividend of $2.45 per share at the end of next year. It is expected that the price of? Valorous' stock will be $41 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?
A 7.00
B. 14.00
C. 21.00
D. 28.00