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Windover Machines, Inc., just announced that they will pay an annual dividend of $2.50 a share at the end of each of the next 2 years. At the end of year 3, the company expects to pay a $35 a share liquidating dividend. After that, the company will cease operations. The discount rate (required rate of return) on this stock is 14 percent. What is the current stock price per share??

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Financial Management, Finance

Category:- Financial Management
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