What is the current value of company stock

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Reference no: EM131533173

JJ Industries will pay a regular dividend of $.75 per share for each of the next four years. At the end of the four years, the company will also pay out a $75 per share liquidating dividend, and the company will cease operations. If the discount rate is 12 percent, what is the current value of the company’s stock? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Reference no: EM131533173

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