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You are considering the purchase of a share of Ranch's common stock. You expect to sell it at the end of 1 year for $32.00.

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You are considering the purchase of a share of Ranch's common stock. You expect to sell it at the end of 1 year for $32.00. You will also receive a dividend of $250 at the end of the year Ranch just paid a dividend of $225. If your required retum on this stock is 12%, what is the most you would be willing to pay for it now? O A. $20 83 B. $28.57 OC. $3305 OD. $30.80

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