The current book value per share of B.L. Black & Sons is $6 and the required return on the stock is 12 percent. The fim expects earnings per share of $2 next year with annual earnings growth of 3 percent. What is the current market value of this stock? Select one: a $9.16 b. $18.27 . c. $10.91 . d. $20.22 . $13.88 Southern Foods just paid an annual dividend of $1.10 a share. Management estimates the dividend will increase by 10 percent a year for the next four years. After that, the annual dividend growth rate is estimated at 3.2 percent . The required rate of return is 12 percent. What is the value of this stock today? Select one . a. $15.81 b. $12.55 c. $14.54 d. $16.21 . . $13.00