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3 5 . Owenlnc has a current stock price of $ 1 3 . 9 0 and is expected to pay a $ 0 .

35.
Owenlnc has a current stock price of $13.90 and is expected to pay a $0.95 dividend in one year. If Owenlnc's equity cost of capital is 10%, what price would Owenlnc's stock be expected to sell for immediately after it pays the dividend?
A. $14.34
B. $10.04
C. $15.29
D. $11.47
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