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ABee Comp. has an EPS of US$30.00 It payout ratio is 100% and its required return is 14 % per annum. The current price per

ABee Comp. has an EPS of US$30.00 It payout ratio is 100% and its required return is 14 % per annum. The current price per share of the company is US$214.29. Assume the company changes its dividend policy to a payout of 60% and the companys actual return on equity is 12%, what is the value of the stock?

Select one:

a. $180.45

b. $195.65

c. $190.45

d. $185.65

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