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The MECCS Company pays a constant dividend of $2.46 a share. The company announced today that it will continue to pay the dividend for another
The MECCS Company pays a constant dividend of $2.46 a share. The company announced today that it will continue to pay the dividend for another 2 years and then in year 3 it will pay a final liquidating dividend of $25.25 a share. What is one share of this stock worth today at a required return of 18.5%?
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