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7 PT Boats plans to pay a $2.40 a share dividend at the end of each of the next 2 years. At the end of

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7 PT Boats plans to pay a $2.40 a share dividend at the end of each of the next 2 years. At the end of year 3, it will pay a final liquidating dividend of $12 a share. After that, the company plans to close its doors permanently. What is the current value today of this stock at a discount rate of 16 percent? (1 Point) A. $9.89 B. $10.26 C. $11.54 D. $12.47 E. $14.80

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