Mother and Daughter Enterprises Is a Relatively New fiRm That

Mother and Daughter Enterprises is a relatively new firm that appears to be on the road to great success.The company paid its first annual dividend yesterday in the amount of €.28 a share.The Company plans to double each annual dividend payment for the next three years.After that time, it Is planning on paying a constant €1.50 per share indefinitely.What is one share of this equity worth today if the market rate of return on similar securities is 11.5%?

A) €9.41
B) €11.40
C) €11.46
D) €11.93
E) €12.43