Beaksley, inc. is a very cyclical type of business

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Beaksley, Inc. is a very cyclical type of business which is reflected in their dividend policy. The firm pays a $2.00 a share dividend every other year. The last dividend was paid last year. Five years from now, the company is repurchasing all of the outstanding
shares at a price of $50 a share. At an 8 percent rate of return, what is this stock worth today?

Reference no: EM13705309

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