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Suppose Microsoft Co. will pay a dividend of $0.6 per share one year from now...

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Accounting

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Suppose Microsoft Co. will pay a dividend of $0.6 per share one year from now (year 1), and $1.2 per share two years from now (year 2). After then (in other words, after the second year) dividends will grow at 6% per year forever. If the firm's equity cost of capital is 11%, what is their current price per share? $20.12 O $1.51 $25.44 O $22.16

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