Problem 15-1 The Argo Pamphlet Company's dividend payout ratio is 41%. 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 else changes? Round the answer to two decimal places. Do 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 in current income? Ignore tax effects and transaction costs. Round the answer to the nearest whole number. Do not round intermediate calculations. shares