Under the discounted dividend model, what is the value per share of a company expected to pay a $3.75 end-of-year dividend and have an ex-dividend price of $27.50 if the market capitalization rate is

A. $29.07 , less than 10%
B. $30.07 , more than 10%
C. $31.07 , less than 10%
D. $32.07 , more than 10%