Question: The expected earnings per share (EPS) is $2.00 next year, and the dividend payout ratio is 71.00%. If the stock's required return is 12.51%, and

The expected earnings per share (EPS) is $2.00 next year, and the dividend payout ratio is 71.00%. If the stock's required return is 12.51%, and its return on equity (ROE) is 19.00%, then what is the current stock price?

a.$17.65

b.$5.43

c.$25.29

d.$20.29

e.$10.14

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