In: Finance
von bora corporation is expected pay a dividend of $2 per share at the end of this year and a $2.25 per share dividend at the end of the second year. immediately after von bora pays the $2.25 per share dividend at the end pf the second year, you expect von bora stock price to be $22 per share. Von bora cost of equity capital is 10%. at the end of the second year, immediately before von bora pays the $2.25 per share dividend at what price would you expect share of von boras stock to be selling?