Jj industries will pay a regular dividend of 130 per share, Financial Management

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Jj industries will pay a regular dividend of 130 per share

JJ Industries will pay a regular dividend of $1.30 per share for each of the next four years. At the end of the four years, the company will also pay out a $44 per share liquidating dividend, and the company will cease operations. If the discount rate is 7 percent, what is the current value of the company’s stock? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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Financial Management: Jj industries will pay a regular dividend of 130 per share

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Financial Management: Jj industries will pay a regular dividend of 130 per share

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