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Sunnylax Publishing pays out all its earnings and has a share price of 538 00. In order to expand, Sunnyfax Publishing decides to cut its

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Sunnylax Publishing pays out all its earnings and has a share price of 538 00. In order to expand, Sunnyfax Publishing decides to cut its dividend from $3 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 14% if the reinvestment does not affect Sunnyfax's equity cost of capital, what is the expected share price as a consequence of this decision? O A $6107 B. $42.75 OC. 573 28 OD. $48.86 Click to select your answer. Desktop

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