Homemade Dividend You own 1,100 shares of stock in Avondale Corporation. You will receive a...
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Homemade Dividend You own 1,100 shares of stock in Avondale Corporation. You will receive a $1.80 per share dividend in one year. In two years, Avondale will pay a liquidating dividend of $45 per share. The required return on Avondale stock is 20 percent. If you would rather have equal dividends in each of the next two years, how much would the dividends payment be each year
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