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You own 1,100 shares of stock in Armstrong Corporation. You will receive a $1.50 per share dividend in one year. In two years, Armstrong will

You own 1,100 shares of stock in Armstrong Corporation. You will receive a $1.50 per share dividend in one year. In two years, Armstrong will pay a liquidating dividend of $72 per share. The required return on Armstrong stock is 20%. Suppose you want only $750 total in dividends the first year.

What will your homemade dividend be in two years?

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