Question
JJ Industries will pay a regular dividend of $2.50 per share for each of the next four years. At the end of the four years,
JJ Industries will pay a regular dividend of $2.50 per share for each of the next four years. At the end of the four years, the company will also pay out a $61 per share liquidating dividend, and the company will cease operations. If the discount rate is 8 percent, what is the current value of the companys stock?
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Financial Trading And Investing
Authors: John Teall
3rd Edition
0323909558, 978-0323909556
