Jj industries will pay a regular dividend of 29 per share, Ask an Expert

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JJ Industries will pay a regular dividend of $2.9 per share for each of the net four years. At the end of the four years, the company will also pay out a $65 per share liquidating dividend, and the company will cease operations. If the discount rate is 12 percent, what is the current value of the company's stock? (Round your answer to 2 decimal places. Omit the"$" sign in your response.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92414864

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