Zero Growth: DirtBam Company Sells Household Cleaners Producing a Revenue

Zero growth: DirtBam Company sells household cleaners producing a revenue stream that has remained unchanged in the last few years. The company does not expect any change in its sales or earnings in the next several years. The share is currently selling at $46.88. If the required rate of return is 16 percent, what is the dividend paid by this company?

A) $2.93
B) $4.65
C) $6.89
D) $7.50