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You own 300 shares of Abco, Inc. stock. The company has stated that it plans on issuing a dividend of $.45 a share at the

You own 300 shares of Abco, Inc. stock. The company has stated that it plans on issuing a dividend of $.45 a share at the end of this year and then issuing a final liquidating dividend of $2.40 a share at the end of next year. Your required rate of return on this security is 9 percent. Ignoring taxes, what is the value of one share of this stock today?

$2.65

$2.39

$2.88

$2.83

$2.43

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