QUESTION 12 Cochran owns investment A and 1 share of stock B. The total value of his holdings is $490. Stock B is expected to pay an annual dividend of $16.50 each year forever, the stock's expected return is 12.40 percent per year, and its next dividend is expected in 1 year. Investment A has an expected return of X and is expected to pay $76.00 per year for a finite number of years such that its first annual payment is expected later today and its last annual payment is expected in 7 years from today. What is the expected return for investment A? O a. 15.88% (plus or minus .03 percentage points) b. 13.63% (plus or minus .03 percentage points) c. 11.10% (plus or minus .03 percentage points) d. 19.09% (plus or minus .03 percentage points) e. None of the above is within.03 percentage points of the correct