A. will pay a dividend of $1.15 per share this year. It is expected that this dividend will grow by 3% each year in the future. What will be the current value of a single share of stock if the firm's equity cost of capital is 12%?

$9.59

$12.78

$14.06

$8.95

B. has a dividend yield of 4.9% and a cost of equity capital of 15%. dividends are expected to grow at a constant rate indefinitely. The growth rate of dividends is closest to

9.1%

20.2%

19.9%

10.1%