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Owenlnc has a current stock price of $13.40 and is expected to pay a $1.00 dividend in one year. If Oweninc's equity cost of capital

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Owenlnc has a current stock price of $13.40 and is expected to pay a $1.00 dividend in one year. If Oweninc's equity cost of capital is 10%, what price would Oweninc's stock be expected to sell for immediately after it pays the dividend? A. $10.99 B. $14.74 C. $962 D. $1374

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