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You own 1,000 shares of stock in Avondale Corporation. You will receive a dividend of $1.10 per share in one year. In two years, Avondale
You own 1,000 shares of stock in Avondale Corporation. You will receive a dividend of $1.10 per share in one year. In two years, Avondale will pay a liquidating dividend of $56 per share. The required return on Avondale stock is 14 percent. Suppose you want only $500 total dividends the first year. What will your homemade dividend be in two years
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