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14. Ariel's Co. just announced that it plans to give out its dividends as follows: $4.50 next year, $3.20 the second year, $5.10 the third

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14. Ariel's Co. just announced that it plans to give out its dividends as follows: $4.50 next year, $3.20 the second year, $5.10 the third year then from the fourth year it will fix the dividend to $2.30 each year indefinitely. The required rate is 6 percent. What is the price of the stock today? [5pts] A. $39.21 B. $43.56 C. $41.89 D. $37.14 E. $35.67

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