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DYP Inc. is expected to pay a $0.75 per share dividend at the end of the year (i.e., D1=$0.75). The dividend is expected to grow

DYP Inc. is expected to pay a $0.75 per share dividend at the end of the year (i.e., D1=$0.75). The dividend is expected to grow at a constant rate of 5 percent a year. The required rate of return on the stock is 16%. What is the value of a share of the company's stock? Select one: a. $10.05 b. $9.375 c. $6.818 d. $7.159 e. $8.76 c

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