Jj industries will pay a regular dividend of 230 per share, Ask an Expert

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JJ Industries will pay a regular dividend of $2.30 per share for each of the next four years. At the end of the four years, the company will also pay out a $54 per share liquidating dividend, and the company will cease operations.

If the discount rate is 7 percent, what is the current value of the company's stock?

(Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92798899

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