Lakeside Sheet Metal Is Downsizing and Plans on Completely Closing

question 36

Multiple Choice

Lakeside Sheet Metal is downsizing and plans on completely closing 3 years from now.The firm's liquidation plan calls for annual dividends of $3,$6,and $36 over the next 3 years,respectively.What is the current value of this stock given a discount rate of 14 percent?

• A) $26.94
• B) $27.16
• C) $28.46
• D) $31.50
• E) $36.29

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