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Flex, has a common stock book value of $40,000. Flex just issued a dividend per share of $1.50. Given: Kd= 3.5% Kpfd = 5% Ke=

Flex, has a common stock book value of $40,000. Flex just issued a dividend per share of $1.50. Given:

Kd= 3.5%

Kpfd = 5%

Ke= 10%

growth rate = 2.5 %

what is Flex price per share?

a. 20

b. 20.5

c. 12

d. 12.5

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