Shareholders of UOI Corp. have a required return of 14 percent and expect UOI's dividend to grow at 5 percent annually. This year's dividend was $2.00. Holding all else constant, suppose UOI management announces a dividend freeze; dividends will be held constant into the foreseeable future. What will be the new price of UOI stock?

$23.33

$14.29

$15.45

$21.56