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PT boats plan a $2.25 a share dividend at the end of each of the next 2 years at the end of year 3, it
PT boats plan a $2.25 a share dividend at the end of each of the next 2 years at the end of year 3, it will pay a final liquidating dividend of $15 a share after that, the company plans to close its doors permanently.
What is the current value of this stock at a discount rate of 15 percent ?
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Fundamentals of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi
1st canadian edition
978-0133400694
