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Business, 19.10.2021 14:00 pearlielb

Jones Boats plans to pay a $6.51 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 $24.38 a share. After that, the company plans to close its doors permanently. What is the current value of this stock at a discount rate of 8 percent

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Jones Boats plans to pay a $6.51 a share dividend at the end of each of the next 2 years. At the end...
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