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Nine years ago a stock paid a $1.35 dividend. Since then it has split 3-for-1 two times. The current dividend is $0.15. If you have

Nine years ago a stock paid a $1.35 dividend. Since then it has split 3-for-1 two times. The current dividend is $0.15. If you have a required rate of return of 15%, what is the most you can pay for this stock? A. $0.00 B. $0.33 C. $1.00 D. $2.83 E. $3.00

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