An investor own 100 shares of Firm X. The company will pay 0.50 per share this year and final liquating dividend of $42 per share next year. The required return of this stock is 14%.

Ignoring taxes, what is the current market value of one share of this stock?

What will the investors homemade dividend per share be next year if they do not want any dividend this year? (hint: buy shares with the dividends this year)