Question: America Boats plans to pay a $ 2 . 1 0 a share dividend at the end of each of the next 2 years. At

America Boats plans to pay a $2.10 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 $13 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 12 percent?

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