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Suppose a firm called 3310 Final Exam, Inc. intends to follow a 100% dividend payout policy and expects to pay a dividend of $5 per

Suppose a firm called 3310 Final Exam, Inc. intends to follow a 100% dividend payout policy and expects to pay a dividend of $5 per share indefinitely. What is the most an investor should pay for a share of the firms common stock if the firms cost of equity (required return) is 12%? A. $4.40 B. $41.67 C. $5.00 D. $4.46 E. $31.15

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