The Great Northern Fish Co. pays an annual dividend of $2 per share on its common stock. This dividend amount has been constant for the past ten years and is expected to remain constant. Given this, one share of the firm's stock: a. is basically worthless as it offers no growth potential. b. has a market value equal to the present value of $2 paid one year from today. c. is valued as if the dividend paid is a perpetuity. d. is valued with an assumed growth rate of one percent. e. has a market value of $2 a share.