What must the liquidating dividend be

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Reference no: EM131961246

JJ Industries will pay a regular dividend of $1.20 per share for each of the next four years.

At the end of four years, the company will also pay out a liquidating dividend. If the discount rate is 8 percent, and the current share price is $52, what must the liquidating dividend be?

(Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

Reference no: EM131961246

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