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Voyageurs Co. just announced that it will commence paying annual dividends. It plans to pay $4.75 a year for four years, $4.25 a year for

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Voyageurs Co. just announced that it will commence paying annual dividends. It plans to pay $4.75 a year for four years, $4.25 a year for the following three years, and then cease paying dividends altogether. How much is one share of this stock worth to you today if you require a 7 percent rate of return? $24.60 $26.17$28.45 $22.82

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