Question
JJ Industries will pay a regular dividend of $.70 per share for each of the next four years. At the end of four years, the
JJ Industries will pay a regular dividend of $.70 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 10 percent, and the current share price is $73, what must the liquidating dividend be? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Liquidating Dividend=?
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Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
13th Edition
0073382388, 978-0073382388
