What is the required rate of return for this stock

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PT Boats plans to pay a $2.40 a share dividend at the end of each of the next 2 years. At the end of year 3, it will pay a final liquidating dividend of $12 a share. After that, the company plans to close its doors permanently. The current value of this stock is $13. What is the required rate of return for this stock?

Reference no: EM131840259

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