Springton Health and Fitness Inc has paid an annual dividend of $15 per share on its common stock for the past 10 years and is expected to continue paying a $15 a share long into the future. Given this, one share of the firm's stock is:

A. priced the same as a level perpetuity paying $15 annually in perpetuity.

B. worth $15 a share in the current market

C. basically worthless as it offers no growth potential.

D.valued at an assumed growth rate of 1 percent.

E. equal in value to the present value of $15 paid one year from today.