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%. The value of BCD's growth opportunities, given its prevailing dividend policy and based on the constant growth model, is: O a. less than $0 O b. between $0 and $1 Oc between $1 and $2 d. between $2 and $3