Jim and John's Sandwich Company Stock pays a

$1.30

dividend. The required rate of return by the investors is

9.0%

. Based on the preferred stock (no growth) model, what is the price of the stock?\

$12.44

\

$0.12

\

$0.07

\

$14.44

Jim and John's Sandwich Company Stock pays a $1.30 dividend. The required rate of return by the investors is 9.0\%. Based on the preferred stock (no growth) model, what is the price of the stock? $12.44 $0.12 $0.07 $14.44