Question: Question 7 1 pts JAN Corp. will pay a dividend of $2.00 per share one year from now and a dividend of $2.50 per share

Question 7 1 pts JAN Corp. will pay a dividend of $2.00 per share one year from now and a dividend of $2.50 per share two years from now. You also expect the stock price to be $30.00 two years from now (immediately after it pays the $2.50 dividend). According to the dividend discount model what should be the price of a share of JAN Corp.'s stock? Assume that JAN Corp.s annual cost of equity capital is 9.00%. Round your final answer to two decimal places. Question 8 1 pts

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