You own $1,000$ shares of stock in Avondale Corporation. You will receive a dividend of $$3\mathrm{.}45$ per share in one year. In two years, the company will pay a liquidating dividend of $$62$ per share. The required return on the company$$s stock is $15$ percent. Suppose you want only $$1,500$ total in dividends the first year.

What will your homemade dividend be in two years?You own $1,000$ shares of stock in Avondale Corporation. You will receive a dividend of $$3\mathrm{.}45$ per share in one year. In two years, the company will pay a liquidating dividend of $$62$ per share. The required return on the company$$s stock is $15$ percent. Suppose you want only $$1,500$ total in dividends the first year.

What will your homemade dividend be in two years?