Question
JJ Industries will pay a regular dividend of $3.10 per share for each of the next four years. At the end of the four years,
JJ Industries will pay a regular dividend of $3.10 per share for each of the next four years. At the end of the four years, the company will also pay out a $81 per share liquidating dividend, and the company will cease operations. If the discount rate is 11 percent, what is the current value of the companys stock?
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Financial Management Principles And Applications
Authors: Arthur J. Keown
9th Edition
013033362X, 9780130333629
