A stock just paid a dividend of $1.00. Dividends are expected to grow at an annual rate of 5%. What is the price of the stock if the required rate of return is 12%? O $17.50 O $15.00 O$13.13 O $11.67 O$10.50 *

A stock just paid a dividend of $1.00. Dividends are expected to grow at an annual rate of 5%. What is the price of the stock if the required rate of return is 12% ? $17.50$15.00$13.13$11.67$10.50