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You own 1,000 shares of stock in Armstrong Corporation. You will receive a $2.70 per share dividend in one year. In two years, Armstrong will
You own 1,000 shares of stock in Armstrong Corporation. You will receive a $2.70 per share dividend in one year. In two years, Armstrong will pay a liquidating dividend of $46 per share. The required return on Armstrong stock is 15%. Suppose you want only $750 total in dividends the first year. What will your homemade dividend be in two years? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) Homemade dividend $
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