Format Tools Add-ons Help All changes saved in Drive Normal text, Arial , 9.5 BIVA IEE 2 QUESTION 5 1. Today, a company paid a dividend of $7. Investors expect this dividend to grow by 5% APR with annual compounding forever, with the next dividend expected to be paid in one year. Dividends are expected to always be paid in one year increments. If investors in this company have a cost of equity of 12% APR with annual compounding, what price should this company's shares trade at today? $55.00 $78.00 $93.00 $105.00 None of the other answers are correct