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The expected next year earnings per share for stock BCD is $2.00. The expected next year cash dividends per share (d1) for stock BCD is

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The expected next year earnings per share for stock BCD is $2.00. The expected next year cash dividends per share (d1) for stock BCD is $1.50. Stock BCD's annual Return on Equity is 8% and annual Cost of Equity (ke) is 9%. What is the cash-cow value of BCD's stock's price per share today, based on the constant growth model? a. $16.67 O b. $22.22 O c. $25.00 O d. must know BCD's operating cash flow

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