Please refer to the equations given below to answer the following questions:

Assume that all other variables in the equation do not change

$\frac{P_0}{EP{S}_0}=PE=\frac{(\text{P}\text{a}\text{y}\text{o}\text{u}\text{t}\text{R}\text{a}\text{t}\text{i}\text{o})(1+g_n)}{k_e-g_n}$

Peg ratio $=(\frac{1}{g}{)}^{**}(\frac{P}{E})$

$13.$ An increase in the payout ratio results in

a$.$ An increase in Stock price

b$.$ An increase in cost of equity

c$.$ An increase in Peg ratio

d$.$ An increase in $\frac{P}{E}$ ratio.

e$.$ None of the above

$14.$ An increase in the rate of growth results in

a$.$ An increase in Stock price

b$.$ An increase in cost of equity

c$.$ An increase in Peg ratio

d$.$ An increase in $\frac{P}{E}$ ratio.

e$.$ None of the above

$15.$ An increase in the cost of equity results in

a$.$ An increase in Stock price

b$.$ An increase in cost of equity $.$

c$.$ An increase in Peg ratio

d$.$ An increase in $\frac{P}{E}$ ratio.

e$.$ None of the above