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You own 1,800 shares of stock in Avondale Corporation. You will receive a $1.60 per share dividend in one year. In two years, the company
You own 1,800 shares of stock in Avondale Corporation. You will receive a $1.60 per share dividend in one year. In two years, the company will pay a liquidating dividend of $66 per share. The required return on the company's stock is 12 percent. Suppose you want only $1,200 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 the nearest whole dollar amount, e.g., 32..
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