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Jenna owns 850 shares of Solectron Corporation stock. The company plans on issuing a dividend of $2.60 a share one year from today, another dividend
Jenna owns 850 shares of Solectron Corporation stock. The company plans on issuing a dividend of $2.60 a share one year from today, another dividend of $3.20 a share two years from today, and then issuing a final liquidating dividend of $46.50 a share three years from today. The required rate of return is 15 percent. Ignoring taxes, what is the value of her holdings in this stock?
$29,106.70 | ||
$30,612.88 | ||
$29,467.84 | ||
$30,316.52 | ||
$29,966.78 |
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