HOW MUCH SHOULD YOU PAY TODAY FOR A STOCK PER SHARE THAT OFFERS A...

18. How much should you pay today for a stock per share that offers a constant growth rate of 9% for dividends, requires a 12% rate of return, and is expected to sell for $40 one year from now? A) $35.71 B) $38.83 C) $41.20 D) $44.80