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Wiley & Joses Corporation currently pays a $1.50 common stock dividend. Dividends are expected to grow at a 3% rate into the foreseeable future. What

Wiley & Joses Corporation currently pays a $1.50 common stock dividend. Dividends are expected to grow at a 3% rate into the foreseeable future. What is the value of Wiley & Joses common stock to an investor requiring a 14% rate of return?

a. $51.50

b. $13.64

c. $11.04

d. $14.05

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