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Home Care Providers is paying an annual dividend of $1.10 every other year. The last dividend was paid two years ago. The firm will continue this policy until 3 more dividend payments have been paid. One year after the last dividend normal payment, the company plans to pay a final liquidating dividend of $40 per share.

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Question: What is the current market value of this stock if the required return is 17 percent?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168068

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