1. Barclays company presently pays an annual dividend of $1.50 per share and it is expected that these dividend payments will continue indefinitely. If Barclay's equity cost of capital is 12%, then...

1. Barclays company presently pays an annual dividend of $1.50 per share and it is expected that these dividend payments will continue indefinitely. If Barclay's equity cost of capital is 12%, then the value of a share of Barclay's stock is:



$18.50



$16.50



$14.50



$12.50