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Coolibah Holdings is expected to pay dividends of $1.00 every six months for the next three years. If the current price of Coolibah stock is

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Coolibah Holdings is expected to pay dividends of $1.00 every six months for the next three years. If the current price of Coolibah stock is $21.40, and Coolibah's equity cost of capital is 16%, what price would you expect Coolibah's stock to sell for at the end of three years? A. $31.94 B. $26.62 OC. $29.28 OD. $30.61

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