The following information is available on the historical dividends of company XYZ paid on December 31 of each year:

At what price would you be willing to buy the stock of company XYZ today (December 31, 2020), knowing that the stock of another company ABC, which has the same level of risk and has historically paid a fixed dividend of $2 per year, is trading at $10 per share?

a) 20 $ b) 20 % c) none of the above d) 30,29 e) 10 $

Year Dividends 2019 4.00$ 2018 3.89$ 2017 3.58$ 2016 3.38$ 2015 3.15$ 2014 2.99$