Billie Blake is interested in a stock that has an expected dividend one year from today of $1.50, i. e. , D1=$1.50, D2=$1.75 and D3=$2.05. She expects to sell the stock for $47.50 at the end of year 3. What is Billie willing to pay one year from today if investors require a 12 percent return on the stock（）
A. $38.01.
B. $41.06.
C. $52.30.
