Q9. A firm is expected to experience a constant annual rate of dividend growth of 9 percent on its ordinary shares and has just paid an annual dividend of $1.20 per share. If the firm can earn 12 percent on similar risk investments, the value of the firms ordinary shares is _________. A. $40.00 per share B. $43.60 per share C. $56.94 per share D. $58.93 per share E. $14.53 per share