What is the current value of the company stock

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Reference no: EM131307817

JJ Industries will pay a regular dividend of $3.20 per share for each of the next four years. At the end of the four years, the company will also pay out a $85 per share liquidating dividend, and the company will cease operations. If the discount rate is 9 percent, what is the current value of the company’s stock? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Reference no: EM131307817

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