Cayman boats plans to pay a 175 share dividend at the end


Cayman Boats plans to pay a $1.75 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 $25 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 10 percent?

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Financial Management: Cayman boats plans to pay a 175 share dividend at the end
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