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Problem 1 9 - 1 2 Homemade DividendsYou own 1 , 1 0 0 shares of stock in Avondale Corporation. You will receive a dividend

Problem 19-12 Homemade DividendsYou own 1,100 shares of stock in Avondale Corporation. You will
receive a dividend of $1.80 per share in one year. In two years,
Avondale will pay a liquidating dividend of $45 per share. The
required return on Avondale stock is 20 percent. Suppose you want
only $1,050 total in dividends the first year.What will your homemade dividend be in two years? (Do
not round intermediate calculations and round your answer to the
nearest whole dollar amount. (e.g.,32))

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