Question: demption value .. QuickBooks Login .. Saved Help Save & Exit Simplicity is a relatively new firm that appears to be on the road to

demption value .. QuickBooks Login .. Saved Help Save & Exit Simplicity is a relatively new firm that appears to be on the road to great success. The company paid their first annual dividend yesterday in the amount of $015 a share. The company plans to double each annual dividend payment for the next four years. After that time, they are planning on paying a constant dividend of $2.50 per share indefinitely. What is one share of this stock worth today if the market rate of return on similar securities is 13.45%? Multiple Choice O $12.32 O $12.77

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