Question: PLEASE SOLVE USING EXCEL FORMULAS Ariel's Waterparks Co. just announced that it plans to give out its dividends as follows: $1.35 next year, $1.55 the

PLEASE SOLVE USING EXCEL FORMULAS

Ariel's Waterparks Co. just announced that it plans to give out its dividends as follows: $1.35 next year, $1.55 the second year, $ 2.30 the third year then from the fourth year it will fix the dividend to $2 each year indefinitely. The required rate is 17 percent. What is the price of the stock today? (A) $11.06 B $13.78 $14.40 D $15.05 (E $18.47

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