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Dolphin inc has a return on equity of 15% its next years dividend is forecasted to be $1.52 per share and the current stock price

Dolphin inc has a return on equity of 15% its next years dividend is forecasted to be $1.52 per share and the current stock price is $43. given that the company's cost of equity is 16% its earning retention rate(plowback ration) is closest to:

A.78.6%

B.83.1%

C.69.8%

D.76.5%

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