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OwenInc has a current stock price of $14.80 and is expected to pay a $0.95 dividend in one year. If Oweninc's equity cost of capital

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OwenInc has a current stock price of $14.80 and is expected to pay a $0.95 dividend in one year. If Oweninc's equity cost of capital is 12%, what price would Oweninc's stock be expected to sell for immediately after it pays the dividend? A. $16.58 OB. $10.94 OC. $12.50 OD. $15.63

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