Question
JJ Industries will pay a regular dividend of $1.30 per share for each of the next four years. At the end of the four years,
JJ Industries will pay a regular dividend of $1.30 per share for each of the next four years. At the end of the four years, the company will also pay out a $44 per share liquidating dividend, and the company will cease operations. If the discount rate is 7 percent, what is the current value of the companys stock?
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Financial Analysis With Microsoft Excel 2016
Authors: Timothy R. Mayes, Todd M. Shank
8th Edition
1337298042, 9781337298049
