Wilfredo Co. has a unique dividend policy. It just paid a $3 dividend. The company plans on reducing the dividend by 3% each year, indefinitely. If the required return is 15%, what is the price of the stock? O $17.18 O $16.67 O $31.55 O $38.04 O $41.91 O $20.18 O $22.45

Wilfredo Co. has a unique dividend policy. It just paid a $3 dividend. The company plans on reducing the dividend by 3% each year, indefinitely. If the required return is 15%, what is the price of the stock? $17.18 $16.67 $31.55 $38.04 $41.91 $20.18 $22.45