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Suppose it is now the beginning of year 2020, and you own 200 shares of Hi-Tek, ...

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Suppose it is now the beginning of year 2020, and you own 200 shares of Hi-Tek, Inc. stock. The company has stated that it plans on issuing a dividend of $0.30 per share at the end of this year and then issuing a final liquidating dividend of $1.05 per share at the end of next year. Your required rate of return is 10%. Ignoring taxes, what is the value of one share of Hi-Tek stock for you? 

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