Question
JJ Industries will pay a regular dividend of $1.60 per share for each of the next four years. At the end of four years, the
JJ Industries will pay a regular dividend of $1.60 per share for each of the next four years. At the end of four years, the company will also pay out a liquidating dividend. If the discount rate is 11 percent, and the current share price is $60, what must the liquidating dividend be?
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Finance For Nonfinancial Managers Beginners Handbook For Finance
Authors: Murugesan Ramaswamy
1st Edition
1516973801, 978-1516973804
