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a Sunnyfax Publishing pays out all its earnings and has a share price of $39.00. In order to expand, Sunnyfax Publishing decides to cut its

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a Sunnyfax Publishing pays out all its earnings and has a share price of $39.00. In order to expand, Sunnyfax Publishing decides to cut its dividend from $3.00 to $2.00 per share and reinvest the retained funds. Once the funds are reinvested, they are expected to grow at a rate of 10%. If the reinvestment does not affect Sunnylax's equity cost of capital, what is the expected share price as a consequence of this decision? a O A $54.64 OB $45.53 OC. $31.87 OD $36.42

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