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Please show ALLLLLLL work if possible handwritten and do not use Excel! 17. Next year Jenkins Traders will pay a dividend of $3.00. It expects

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Please show ALLLLLLL work if possible handwritten and do not use Excel!

17. Next year Jenkins Traders will pay a dividend of $3.00. It expects to increase its dividend by $0.25 in each of the following 3 years. If the required rate of return is 14%, what is the present value of the dividends over the next 4 years? a) $9.72 b) $11.63 c) $12.50 d) $13.50

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