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Shares Corporation is expected to pay annual dividends of $1.34 and $1.45 at the end of the next two years, respectively. After that, the company

Shares Corporation is expected to pay annual dividends of $1.34 and $1.45 at the end of the next two years, respectively. After that, the company expects to pay a constant dividend of $1.50 a share. What is the value of this stock at a required return of 15.1 percent?

Group of answer choices

A. $7.77

B. $10.25

C. $9.76

D. $12.78

E. $9.93

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