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JJ Industries will pay a regular dividend of $2.40 per share

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Question

JJ Industries will pay a regular dividend of $2.40 per share for each of the

next four years. At the end of the four years, the company will also pay out a liquidating dividend of $40 per share, and the company will cease operations. If the discount rate is 10 percent, what is the current value of the company’s stock? 

 
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