What is the current value of the company stock

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Reference no: EM131308924

JJ Industries will pay a regular dividend of $3.1 per share for each of the next four years. At the end of the four years, the company will also pay out a $81 per share liquidating dividend, and the company will cease operations. If the discount rate is 11 percent, what is the current value of the company’s stock? (Round your answer to 2 decimal places. Omit the "$" sign in your response.

Reference no: EM131308924

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