The Loser Corporation just paid a dividend of $3.10 on each share to its current stockholders. The company is planning to be reducing the dividends by 10.9 percent each year indefinitely. What is the maximum you should be willing to pay today for each share of stock of this company if you require a 13 percent rate of return? Multiple Choice $11.56 $14.38 $15.22 $11.84 $28.44