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You own 3000 shares of a firm's stock. The firm just announced annual per share cash dividends of $3 this vear and $4.64 next year.

You own 3000 shares of a firm's stock. The firm just announced annual per share cash dividends of $3 this vear and $4.64 next year. Thereafter, the firm will cease all dividend payments forever. You do not want any dividend income this year but do want as much dividend income as possible next year. Ignoring taxes, you can earn 12% on your investments.

What will be your total homemade dividend next year?

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