Question 17 Not yet answered TAB announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $.20 a share. The following dividends will be $.30, $.40, and $.50 a share annually for the following three years, respectively. After that, dividends are projected to increase by 3.5% per year. If your desired rate of return is 12% then the price of one share is closest to which value? Points out of 1.00 P Flag question a. $9.06 b. $10.58 c. $1.45 d. $7.25 e. $5.80