Rosen Fashions common stock recently paid a dividend of $2.75. Investors require a 18% rate of return

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Question:

Rosen Fashions’ common stock recently paid a dividend of $2.75. Investors require a 18% rate of return on this stock. Rosen earns a 30% return on equity. The firm pays 55% of its earnings as dividends, and reinvests 45% of earnings in the firm. What is the value of the stock?

a) $61

b) $15

c) $69

d) $17

e) $208