C holdings os expected to pay dividends of $1.10 every six months for the next 3 years. if

C holdings os expected to pay dividends of $1.10 every six months for the next 3 years. if the current price of C holdings stock is $22.00, and C's equity cost of capital is 16%, what price would you expect C's stock to sell for at the end of 3 years?

$30.87

$29.52

$32.21

$26.84