2. Canadian-based mining company Augusta Gold, Inc. (AGO) suspended (stopped paying) its dividend in March 2016 as a result of declining gold prices and delays in obtaining permits for its mines in Greece. Suppose you expect AGO to resume paying annual dividends two years from today. You expect the dividend, when it resumes in two years, to be $0.25 per share, growing by 2% per year. If AGO's equity cost of capital is 10%, what is the value of a share of AGO today?
Share Price of AGO stock today: