OwenInc has a current stock price of $14.50 and is expected to pay a $0.85 dividend in one year.If OwenInc's equity cost of capital is 12%,what price would OwenInc's stock be expected to sell for immediately after it pays the dividend?
A) $12.18
B) $13.65
C) $15.29
D) $15.39
Correct Answer:
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