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Von Bora Corporation(VBC) is expected to pay a $3.25 dividend at the end of this year. If you expectVBC's dividend to grow by 6% per

Von Bora Corporation(VBC) is expected to pay a $3.25 dividend at the end of this year. If you expectVBC's dividend to grow by 6% per year forever andVBC's equity cost of capital is 15%, then the value of a share of VBS stock is closestto:

A.

$14.44

B.

$21.67

C.

$15.48

D.

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