Martin S Yachts Is Expected To Pay Annual Dividends Of 1 40 1 75 And 2 00 A Shar

Martin’s Yachts is expected to pay annual dividends of $1.40, $1.75, and $2.00 a share over the next three years, respectively. After that, the dividend is expected to remain constant. What is the current value per share at a discount rate of 14 percent?   

A. $12.22

B. $13.57

C.

$13.08

D.

$12.82

E. $13.39

 

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