America Boats Plans to Pay a $2

America Boats plans to pay a $2.10 a share dividend at the end of each of the next two years. At the end of Year 3, it will pay a final liquidating dividend of $13 a share. After that, the company plans to close its doors permanently. What is the current value of this stock at a discount rate of 12 percent?

A) $9.89
B) $10.26
C) $11.54
D) $12.80
E) $13.50