Problem 15-1 The Argo Pamphlet Company's dividend payout ratio is 31%. It is currently paying an annual dividend of $1.30. a. What is Argo's EPS? Round the answer to two decimal places. per share b. What is the market price of Argo's stock if its P/E ratio is 14? Round your answer to two decimal places per share c. How much current income per share will stockholders lose if Argo cuts its payout ratio to 20% and nothing e se chang es? Round the ans ve cimal places to t not round intermediate calculations. per share d. If the change in payout ratio does not affect the stock's price, approximately how many shares would a stockholder who owns 1,000 shares have to sell to make up her loss n current income? Ignore tax effects and transaction costs. Round the answer to the nearest whole number. Do not round intermediate calculations. shares