You own 500 shares of a companys stock. It is 1 January 2012, and the company recently issued a statement that it will pay a $1.00 per share annual dividend on 31 December 2012 and a $0.50 per share annual dividend on 31 December 2013. You do not want any dividend this year (2012) but do want as much dividend income as possible next year (2013). Your required annual return on this stock is 12%. What will be your homemade dividend per share in 2013?

A. $0B. $0.50C. $1.50D. $1.62E. $1.68

how do I calculate this?