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Assume today is May 1st 2019. You are considering buying a stock that pays no dividend until Dec 31, 2022. You expect to sell the

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Assume today is May 1st 2019. You are considering buying a stock that pays no dividend until Dec 31, 2022. You expect to sell the stock on January 1st 2022. Your dividend projection for 2022 (paid on Dec 31) is $5 per share payable once a year. Based on your long term projection of retention ratio of.8 and a projected long term ROE of .12, which should be the closest value of the stock today based on constant growth of dividend model. Assume required return of 14%. Discount CF to the nearest whole month. O A. 70 O B. 75 O C. 80 O D. 85 O E. 90

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