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corperate finance Q You own 1,000 shares of stock in Avondale Corporation. You will receive a $0.70 per share dividend in one year. In two

corperate finance Q
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You own 1,000 shares of stock in Avondale Corporation. You will receive a $0.70 per share dividend in one year. In two years, Avondale will pay a liquidating dividend of $40 per share. The required return on Avondale stock is 15%. What is the current share price? If you would rather have equal dividends in each of the two years, show how you can accomplish this by creating homemade dividends

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