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Oweninc has a current stock price of $14.80 and is expected to pay a $0.70 dividend in one year. If Owenlnc's equity cost of capital

Oweninc has a current stock price of $14.80 and is expected to pay a $0.70 dividend in one year. If Owenlnc's equity cost of capital is 12%, what price would Owenlnc's stock be expected to sell for immediately after it pays the dividend? A. $11.12 B. $15.88 OC. $12.70 D. $16.58

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