One of your companies that you are planning to sell paid a dividend today of $4.00 per share. It will pay a dividend at the end of next year and at the end of every year thereafter, but the dividend per share is expected to grow at 4% per year. The appropriate risk adjusted discount rate is 10% per year. What is the value per share of your subsidiary?

Select one:

a. $53.43

b. $69.33

c. $58.00

d. $52.00