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You own 1 , 0 0 0 shares of stock in Avondale Corporation. You will receive a $ 3 . 4 5 per share dividend

You own 1,000 shares of stock in Avondale Corporation. You will receive a $3.45 per
share dividend in one year. In two years, the company will pay a liquidating dividend of
$62 per share. The required return on the company's stock is 15 percent. Suppose you
want only $1,500 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 2 decimal places, e.g.,32.16.)
Answer is complete but not entirely correct.
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