Question: **Please show work, please use a simplified method if possible** JJ Industries will pay a regular dividend of $2.30 per share for each of the

**Please show work, please use a simplified method if possible** JJ Industries**Please show work, please use a simplified method if possible**

JJ Industries will pay a regular dividend of $2.30 per share for each of the next four years. At the end of the four years, the company will also pay out a liquidating dividend of $54 per share, and the company will cease operations. If the discount rate is 7 percent, what is the current value of the company's stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Price

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