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18. The Francis Company is expected to pay a dividend of $1.25 per share the end of the year, and that dividend is expected to
18. The Francis Company is expected to pay a dividend of $1.25 per share the end of the year, and that dividend is expected to grow at a constant rate of 6.00% per year in the future. Investors require to make 13.35% on the stock. What is the company's current intrinsic stock price? A) $13.44 B) $12.93 C) $17.01 D) $14.80 E) $18.03
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