What is the maximum price an investor should pay for the common stock of a firm that

Question:

What is the maximum price an investor should pay for the of a firm that has no growth opportunities but pays an annual of $1.85? The market rate of return on similar securities is 14.5 percent.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...