Business, 29.05.2021 02:00 sherry59Sherry59

The Quick Buck Company is an all-equity firm that has been in existence for the past three years. Company management expects that the company will last for two more years and then be dissolved. The firm will generate cash flows of $450,000 next year and $790,000 in two years, including the proceeeds from the liquidation. There are 20,000 shares of stock outstanding and shareholders require a return of 12 percent. Required:
What is the current price per share of the stock?

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The Quick Buck Company is an all-equity firm that has been in existence for the past three years. Co...