Wellington Corporation Is Expected to Pay a Monthly Dividend of $0.12

Multiple Choice

Wellington Corporation is expected to pay a monthly dividend of $0.12 for the next three years.If the current price of Wellington stock is $41.35,and Wellington's equity cost of capital is 15% per year,what price would you expect Wellington's stock to sell for at the end of the three years?

A) $41.35
B) $45.67
C) $59.26
D) $62.47
E) $57.55