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Topper plc has just paid a dividend of 12p on its ordinary shares. It has indicated to shareholders that they are aiming to keep dividends

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Topper plc has just paid a dividend of 12p on its ordinary shares. It has indicated to shareholders that they are aiming to keep dividends increasing at a steady rate of 3% in the future. If shareholders have a required rate of return of 9% on their shares in the company, what would be a fair cum-div price for Topper's shares? O A. 4.17 O B. 2.18 O C. 2.12 O D.2.00 O E. 2.25

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