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Company Z's earnings and dividends per share are expected to grow indefinitely by 3% a year. Assume next year's dividend per share is $12 and

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Company Z's earnings and dividends per share are expected to grow indefinitely by 3% a year. Assume next year's dividend per share is $12 and next year's EPS is $6. The market capitalization rate is 9%. If Company Z were to distribute all of its earnings, it could maintain a level dividend stream of $6 a share. Question: How much is the market actually paying per share for growth opportunities? O 129.55 166.67 O 133.33 O 120.45

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