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You own shares of stock in XYZ Corporation You will receive a $0.19 per share dividend in one year. In two years,York Corporation will pay
You own shares of stock in XYZ Corporation You will receive a $0.19 per share dividend in one year. In two years,York Corporation will pay a liquidating dividend of $9 per share. The required return on York stock is 14%. Ignore taxes. Find the equal two-year dividends with the same present value as the price of the stock.
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