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17. Beaksley, Inc. is a very cyclical type of business that is reflected in its dividend policy. The firm pays a $2.00 a share dividend
17. Beaksley, Inc. is a very cyclical type of business that is reflected in its dividend policy. The firm pays a $2.00 a share dividend every other year. The last dividend was paid yesterday. Five years from now, the company is repurchasing all of the outstanding shares at a price of $55 a share. At an 9% rate of return, what is this stock worth today? A. $34.03 B. $37.21 C. $38.85 D. $44.09 E. $51.18
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