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Use the information for the question(s) below.
Von Bora Corporation is expected to pay a dividend of $1.40 per share at the end of this year and a $1.50 per share at the end of the second year.You expect Von Bora's stock price to be $25.00 at the end of two years.Von Bora's equity cost of capital is 10%.
-Suppose you plan to hold Von Bora stock for only one year.Your capital gain rate from holding Von Bora stock for the first year is closest to:
Vertebrates
Animals that possess a backbone or spinal column, including fish, amphibians, reptiles, birds, and mammals.
Reptiles
A group of cold-blooded vertebrate animals characterized by scales or scutes, laying shelled eggs, and breathing air, including snakes, lizards, crocodilians, and turtles.
Clade
A group of organisms believed to comprise all the evolutionary descendants of a common ancestor.
Ancestral Traits
Characteristics that appeared in common ancestors and are passed down to subsequent generations.
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