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QUESTION 21 JJ Industries will pay a regular dividend of $1.60 per share for each of the next four years. At the end of the

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QUESTION 21 JJ Industries will pay a regular dividend of $1.60 per share for each of the next four years. At the end of the four years, the company will also pay out a liquidating dividend of $54 per share, and the company will cease operations. If the discount rate is 7 percent, what is the current value of the company's stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) ho QUESTION 22

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