Stock dividends are ____ costly to issue than cash dividends A. less B. equally C. more D. occasionally less

Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its dividends will grow by 20 percent next year, 12 percent annually for the two years after that, and then at 6 percent annually thereafter. Based on this information, how much should jia's Fashions common stock sell fo return is 10.5%? A. $54.90 B. $60.80 C. $66.60 D. $69.30