The Giant Grinch Co's common stock has an annual dividend of $2.75 per share. This dividend amount has been constant for the past fifty years and is expected to remain constant. Given this, one share of the firm's stock: Cannot be valued without a required rate of return. is basically worthless as it offers no growth potential. Has a market value equal to the present value of $2.75 paid one year from today. Is valued as if the dividend paid is an annuity. Has a market value of $27.50