Big Spenders Inc, just paid a dividend of $1.50. The dividend is expected to be increased by 3% each year. Current market conditions require a return on assets of 12% for this risk. What should the current share price be? Select one 9 a 12 88 18.67 Od 12.50 G.

Big Spenders Inc. just paid a dividend of \\$1.50. The dividend is expected to be increased by \3 each year. Current market conditions require ta return on assets of \12 for this risk. What should the current share price be? Select one: a. 1288 b 1867 C 1717 d 12.50 e. 1667