29. The next dividend for the Bank of Prince Edward Island (BPEI) will be $1.00 per share in one year. Investors require a 16 percent return on companies such as BPEI. The bank's dividend increases by 6 percent every year. What is the price expected to be in year 4? Select one: O a. $11.91 O b. $12.62 O c. $13.38 O d. $50.50