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You own 4 0 0 shares of stock of Fresh Face. The company plans to pay a dividend of $ . 6 5 in Year

You own 400 shares of stock of Fresh Face. The company plans to pay a dividend of $.65 in Year 1 and a final liquidating dividend of $28.50 per share in Year 2. The required return is 15.6 percent. If you only want $200 total in dividends in the first year, what will be your homemade dividend in the second year?
Multiple Choice
$11,402
$12,878
$11,469
$12,696
$10,764

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