JK Inc.is a very cyclical type of business which is reflected in its dividend policy.The firm pays a dividend of $2.00 a share every other year with the last payment having just been paid.Five years from now,the company is repurchasing all of the outstanding shares at a price of $50 a share.What is the current value of one share at a discount rate of 12 percent?
A)$34.03
B)$31.24
C)$33.78
D)$27.89
E)$34.99

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The Answer of JK Inc.is a very cyclical type of business which is reflected in its dividend policy.The firm pays a dividend of $2.00 a share every other year with the last payment having just been paid.Five years from now,the company is repurchasing all of the outstanding shares at a price of $50 a share.What is the current value of one share at a discount rate of 12 percent?
A)$34.03
B)$31.24
C)$33.78
D)$27.89
E)$34.99

JK IncIs a Very Cyclical Type of Business Which Is Reflected