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Ganymede Innovations has just paid a dividend of $5.00. Analysts believe that the long-term growth rate in earnings going forward will be 2.2% per annum.

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Ganymede Innovations has just paid a dividend of $5.00. Analysts believe that the long-term growth rate in earnings going forward will be 2.2% per annum. Assume that the firm's cost of equity capital is 12.2% per annum and there is no expected change in Ganymede Innovations's dividend payout ratio nor its return on new investments. Which of the following is closest to the best estimate of the Ganymede Innovations's value per share today? O a. $50.34 b. $51.10 C. $49.63 O d. $51.76 O e. $50.00 O f. $52.93 O g. $53.54 Oh. $41.89

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