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Owenlnc has a current stock price of $14.30 and is expected to pay a $0.70 dividend in one year. If Owenlnc's equity cost of capital

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Owenlnc has a current stock price of $14.30 and is expected to pay a $0.70 dividend in one year. If Owenlnc's equity cost of capital is 11%, what price would Owenlnc's stock be expected to sell for immediately after it pays the dividend? A. $15.87 B. $15.17 $12.14 $10.62

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