Question 13 Which of the following is most correct about the role of taxes in deciding the dividend payout ratio: Not yet answered Marked out of 1.00 Flag question Select one: a. If personal taxes is less than corporate taxes, a high payout may be preferred b. If an institution is exempt from taxes, it would be prudent for such investors to invest in low dividend firms c. If an investor is exempt from taxes, the differential tax treatment between dividends and capital gains does matter and would prefer a low payout Od. If corporate taxes is less than personal taxes a high payout ratio may be preferred Questa 14 Not yet ABee Comp, has an EPS of US$30.00 it payout ratio is 100% and its required retum is 14% per annum. The current price per share of the company is US$214 29. Assume the company changes its dividend policy to a payout of 60% and the company's actual return on equity is 12%, what is the value of the stock? Marted out of 100 agquition Select one O i ABee Comp. has an EPS of US$30.00 lt payout ratio is 100% and its required return is 14 % per annum. The current price per share of the company is US$214.29. Assume the company changes its dividend policy to a payout of 60% and the company's actual return on equity is 12%, what is the value of the stock? on Select one: O a. $180.45 O b. $185.65 OC. $190.45 O d. $195.65 15 ABC Inc, declared a dividend on July 17, 2013 to be payable on September 10, 2013. The list of shareholders who would be entitled to this dividend would be prepared on August 10, 2013. Which dates are the date of record and the date of payment ut of question Salestene a