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You own 1,100 shares of stock in Avondale Corporation. You will receive a $1.70 per share dividend in one year. In two years, Avondale will

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You own 1,100 shares of stock in Avondale Corporation. You will receive a $1.70 per share dividend in one year. In two years, Avondale will pay a liquidating dividend of $75 per share. The required return on Avondale stock is 20 percent. Suppose you want only $550 total in dividends the first year. What will your homemade dividend be in two years? (Do not round intermediate calculations.) Homemade dividend

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