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Ancient Industries just paid a dividend of $1.03 a share. The company announced today that it expects to pay $.90 a shareNEXT year and a

Ancient Industries just paid a dividend of $1.03 a share. The company announced today that it expects to pay $.90 a shareNEXT image text in transcribed year and a final liquidating dividend of $18.44 in two years. What is one share of this stock worth today if the required rate of return is 16 percent?

SELECT image text in transcribed ONE:

a. $14.94

b. $14.48

c. $13.23

d. $13.44

e. $13.60

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