You own stock in Aramark Catering Company. Yesterday, the company paid a $3.00 per share annual dividend, and today (a Friday) you were happy to see the price hit $55 per share at the close of trading. Unfortunately, a little after the market close today, you were dismayed to hear the board of Aramark announce its intention to reduce the firm's future annual dividend distributions by 50 cents per share due to an unanticipated extraordinary loss and a lack of future growth. Consequently, it now expects to pay a constant dividend of $2.50 per share annually, in perpetuity hereafter. About how much would you expect markets to price one share of this stock when trading opens Monday morning? Assume the firm's beta presently indicates a required return of 6.25% for this firm. O A) $55.00 O B) $54.50 C) $48.00 O D) $40.00 O E) $24.00