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PT boats plans to pay a $2.25 dividend at the end of each of the bext 2 years. At the end of year 3, it
PT boats plans to pay a $2.25 dividend at the end of each of the bext 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%?
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