What is this stock worth today

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Reference no: EM131913228

Beaksley, Inc. is a very cyclical type of business that is reflected in its dividend policy. The firm pays a $2.00 a share dividend every other year.

The last dividend was paid yesterday. Five years from now, the company is repurchasing all of the outstanding shares at a price of $55 a share. At an 9% rate of return, what is this stock worth today?

Reference no: EM131913228

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