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Oweninc has a current stock price of $14.70 and is expected to pay a $0.80 dividend in one year. If Owenlic's equity cost of capital

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Oweninc has a current stock price of $14.70 and is expected to pay a $0.80 dividend in one year. If Owenlic's equity cost of capital is 12%, what price would Owenlnc's stock be expected to sell for immediately after it pays the dividend? A. $1646 B. $1096 C. $15.66 D. $12.53

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