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Questions 21 - 24 are based on the following information relating to the common stock of West Virginia Weather Vane Corporation. The company paid a

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Questions 21 - 24 are based on the following information relating to the common stock of West Virginia Weather Vane Corporation. The company paid a dividend of $.97 per share quarterly, totalling to $3.88 for the most recent full year, on its common stock. Based on a study of the risk of owning this stock, analysts at Texas Investment Management Funds have determined that the required annual rate of return should be ke or r = 9.2%. The first analyst, Ms. Utah, feels that the per-share dividend will remain close to the most recent year's level for many years into the future, such that she can sensibly model its value as a perpetuity. What is the highest price this analyst thinks the Texas funds should be willing to pay for a share of West Virginia Weather Vane Corporation's common stock? O A $42.17 OB. $35.70 OC. $72.93 OD. 546.05 OE. 510.87 Reset Selection

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