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120_FINA3103P02-2020-27712 13. The last dividend on PVA Inc. common stock was $2.00 per quarter, which is paid only once per year, and the expected annual

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120_FINA3103P02-2020-27712 13. The last dividend on PVA Inc. common stock was $2.00 per quarter, which is paid only once per year, and the expected annual growth rate is 10 percent. If you require an annual rate of return of 20 percent, what is the highest price you should be willing to pay for this stock? Select one: a. $50.00 O b. $44.00 c. $88.00 d. $10.00 e. $22.00 Next page

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