Rosen Fashions common stock recently paid a dividend of $2.75. Investors require a 18% rate of return on this stock. Rosen earns a 30% return on equity. The firm pays 55% of its earnings as dividends, and reinvests 45% of earnings in the firm. What is the value of the stock? a) $61 d) $15 b) $69 e) $17 c) $208