In 2018, Theodosius Inc. issued a $100 par value preference share that pays a 9 per cent annual dividend. Due to changes in the overall economy and in the company's financial condition investors are now requiring a 10 per cent return. What price would you be willing to pay for the share if you receive your first dividend one year from now?

Select one:

A.

$110

B.

$90

C.

$100

D.

$75