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Question 6 1 points Sre Sunnyfax Publishing pays out all its earnings and has a share price of 537. In order to expand, Sunnyfax Publishing

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Question 6 1 points Sre Sunnyfax Publishing pays out all its earnings and has a share price of 537. In order to expand, Sunnyfax Publishing decides to cut its dividend from 53.00 to $2.00 per share and reinvest the retained funds. Once the funds are reinvested, they are expected to grow at a rate of 13%. If the reinvestment does not affect Sunnyfax's equity cost of capital, what is the expected share price as a consequence of this decision? $36.67 562.86 552.38 $41.90

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