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McNulty Boats plans to pay a $2.50 per share dividend at the ond of each of the noxt 2 years. At the end of yoar

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McNulty Boats plans to pay a $2.50 per share dividend at the ond of each of the noxt 2 years. At the end of yoar 3 , if wil pay a final liquidsting dividend of \$15 a share. Aftor thet, the compary plans to dofe its doors permanently Whet is the current value of this stock at a discount rate of 20 percent? A. $10.26 8. 59.39 C. $13.62 0.511 .54 E. 512.50

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