You Are Considering Acquiring a Common Share of Sahali Shopping

You are considering acquiring a common share of Sahali Shopping Center Corporation that you would like to hold for 1 year. You expect to receive both $1.25 in dividends and $35 from the sale of the share at the end of the year. The maximum price you would pay for a share today is ________ if you wanted to earn a 12% return.

A) $31.25
B) $32.37
C) $38.47
D) $41.32