Von Bora Corporation (VBC) is expected to pay a $2.00 dividend at the end of this year. If
Von Bora Corporation (VBC) is expected to pay a $2.00 dividend at the end of this year. If you expect VBC’s dividend to grow by 5% per year forever and VBC’s equity cost of capital is 13%, then the value of a share of VBS stock is closest to:
A、$25.00
B、$40.00
C、$15.40
D、$11.10