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Hamilton Brothers is expected to pay a $1.00 per share dividend at the end of the year (that is, D 1 = $1.00). The dividend

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Hamilton Brothers is expected to pay a $1.00 per share dividend at the end of the year (that is, D 1 = $1.00). The dividend is expected to grow at a constant rate of 4 percent a year. The required rate of return on the stock, r S, is 10 percent. What is the stock's value per share? a. $16.67 b. $16.03 c. $10.00 d. $17.33 e. $10.40

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