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PLEASE ANSWER ASAP AND IN DETIAL You own 1,100 shares of stock in Armstrong Corporation. You will recelve a $1.90 per share dividend in one

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PLEASE ANSWER ASAP AND IN DETIAL

You own 1,100 shares of stock in Armstrong Corporation. You will recelve a $1.90 per share dividend in one year. In two years, Armstrong will pay a liquidating dividend of $60 per share. The required return on Armstrong stock is 20%. Suppose you want only $750 total in dividends the first year. What will your homemade dividend be in two years? (Do not round intermedlate calculations. Round the final answer to 2 declmal places. Omit "\$" sign in your response.)

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