Suppose you want only 600 total in dividends the first year


You own 1,800 shares of stock in Avondale Corporation. You will receive a dividend of $1.80 per share in one year. In two years, Avondale will pay a liquidating dividend of $80 per share. The required return on the company's stock is 25 percent. Suppose you want only $600 total in dividends the first year. What will your total homemade dividend be in two years? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

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Financial Management: Suppose you want only 600 total in dividends the first year
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