单选题
An analyst has made the following estimates for a stock: Dividends over the next year 0.60 Long-term growth rate 13% Intrinsic value $24 The shares are currently priced at $22. Assuming the stock price moves to intrinsic value over the next year, what is the expected return on the stock? A. 9.1%. B. 11.8%. C. 15.7%.