Southern Foods recently liquidated its fast food division. That unit represented 20
percent of the firm's overall market value. Prior to the liquidation, the firm's stock was
selling for $43 a share, the annual dividend was steady at $1.20 per share, and there
were 16,000 shares outstanding. The firm is preparing to distribute the entire
liquidation proceeds to shareholders. How much will the liquidating dividend be per
share?
