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54. DC Motors recently paid $1.10 as its annual dividend. Future dividends are projected at $1.06 $1.02, and $1.00 over the next three years, respectively.

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54. DC Motors recently paid $1.10 as its annual dividend. Future dividends are projected at $1.06 $1.02, and $1.00 over the next three years, respectively. After that the dividend is expected to decrease by 2 percent annually. What is one share of this stock worth ata rate of return of17 percent? A. $5.62 g $5.50 c. $5.21 D. $5.33 E. $5.98

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