Answer the following question?

19. Earnings per share are forecasted to be $6.00 at the end of the year. The company can reinvest earnings and make a 20% return on equity. What is the value of the stock today if the company decides NO plowback any earnings and given that investors have a required rate of return of 8.0% ? a. $55.00 b. $60.00 c. $75.00 d. $80.00 20. A company will produce $3.00 in eamings per share at the end of the year. Reinvested earnings can produce a 14% return on equity. What is the PVGO if the company decides on a 30.0% plowback policy? Assume that investors have a 9.0% required rate of return. a. $10.42 b. $12.56 c. $13.86 d. $15.56 21. Ostrich Farms, Inc. has a product that will be in vogue for 3 years, at which point the firm will close up shop and liquidate the assets. As a result, forecast dividends are DIV =$3.4,D1V2= $4.15, and DIV =$23.65. What is the stock price if the discount rate is 9% ? a. $18.22 b. $19.84 c. $22.23 d. $24.87 22. Which of the following is not a central principle of Behavioral Finance? a. Attitudes about risk b. Beliefs about probabilities c. Fundamental analysis d. Sentiment 23. Your company has no attractive investment opportunities. Its return on equity equals the discoun rate, which is 11%. Its expected earnings this year are $4.30 per share. Find the P/E ratio of the firm. a. 9.09 b. 11.11 c. 35.56 d. 42.68 24. Redeux Industries pays a dividend of $0.87 per quarter. The dividend yield on its stock is reported at 3.4%. What price is the stock selling at? a. $102.35 b. $117.06 c. $122,37 d. $137.06