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Oweninc has a current stock price of $13.70 and is expected to pay a $0.75 dividend in one year. If Owenlnc's equity cost of capital

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Oweninc has a current stock price of $13.70 and is expected to pay a $0.75 dividend in one year. If Owenlnc's equity cost of capital is 11%, what price would Oweninc's stock be expected to sell for immediately after it pays the dividend? A. $11.57 B. $10.12 C. $14.46 D. $15.21

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