Question
JJ Industries will pay a regular dividend of $.70 per share for each of the next four years. At the end of the four years,
JJ Industries will pay a regular dividend of $.70 per share for each of the next four years. At the end of the four years, the company will also pay out a $73 per share liquidating dividend, and the company will cease operations. If the discount rate is 10 percent, what is the current value of the companys stock?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th International Edition
1259094901, 9781259094903
