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Owenlnc has a current stock price of $ 1 4 . 6 0 and is expected to pay a $ 0 . 7 5 dividend

Owenlnc has a current stock price of $14.60 and is expected to pay a $0.75 dividend in one year. If OwenInc'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. $12.48
B. $16.35
C. $15.60
D. $10.92

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