You own 1 0 shares of stock in firm Y and will receive a $ 2 per
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You own shares of stock in firm Y and will receive a $ per share dividend next year. In two years,
Y will pay a liquidating dividend of $ per share. The required return on Ys stock is What will your dividend income be each period if you use homemade dividends to create two equal annual dividend payments?
a
b
d
d
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