Question: 9) Upwind Tours just announced that it will pay an annual dividend of $3.60 a share one year from 9) now. Two years from now,

9) Upwind Tours just announced that it will pay an annual dividend of $3.60 a share one year from 9) now. Two years from now, the company expects to pay a $28 a share liquidating

9) Upwind Tours just announced that it will pay an annual dividend of $3.60 a share one year from 9) now. Two years from now, the company expects to pay a $28 a share liquidating dividend. After that, the company will cease operations. What is the current value per share at a discount rate of 12.5 percent? A) $25.32 B) $23.88 C) $24.97 D) $29.16

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