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Beaksley SA Is a Very Cyclical Type of Business Which

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Beaksley SA is a very cyclical type of business which is reflected in its dividend policy.The firm pays a €2.00 a share dividend every other year.The last dividend was paid last year.Five years from now,the company is repurchasing all of the outstanding shares at a price of €50 a share.At an 8% rate of return,what is this equity worth today?

Definitions:

Stomatitis

An inflammation of the mouth and lips, which can cause redness, swelling, pain, and sometimes sores in the oral cavity.

Volvulus

A medical condition in which a loop of the intestine twists around itself and the mesentery that supports it, causing an intestinal blockage.

Gastroesophageal Reflux Disease

A chronic digestive disease in which stomach acid or bile irritates the food pipe lining.

Inguinal Hernia

A condition where a portion of the intestine protrudes through a weakness in the abdominal muscles around the inguinal canal.