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OwenInc has a current stock price of $14 and is expected to pay a $0.70 dividend in one year. If Owenlnc's equity cost of capital
OwenInc has a current stock price of $14 and is expected to pay a $0.70 dividend in one year. If Owenlnc's equity cost of capital is 12%, what price would Owenlnc's stock be expected to sell for immediately after it pays the dividend? O A. $12.34 OB. $16.13 OC. $15.43 OD. $10.80
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