18) Early in 2015, Mathew is analyzing shares of Janeff Corp. He expects the following dividends per share (end of year). 2015 $1.00 2016 $1.25 2017 $1.50 He expects 2017 earnings per share to be $4.50 and J aneff's P/E ratio to be 20. His required rate of return for this stock is 12%. He should pay no more than A) $43.75 per share. B) $67.02 per share. C) $68.75 per share. D) $93.75 per share. Answer: B Learning Outcome: F-09 Discuss the fundamentals of stocks and how to value them AACSB: 3 Analytical thinking Question Status: Previous Edition Learning Goal: Learning Goal 4