Question 35 (1 point) Next year, Company EDG will pay a dividend of $1.08. The market's required rate of return on an equity investment in EDG is 10%. Dividends are expected to grow by 3% a year. What is the value of the stock according to the Dividend Discount Model? a) $14.95 b) $15.43 b C) $14.98 d) $15.89