The following information belongs to Exxon Mobil's stock (XOM) listed on New York Stock Exchange as of Monday, March 10, 2014: Exxon Mobil Corporation Profile News I SEC Filings Data NYSE Technologies Global Market Data | As of 10 Mar 2014, 07:56 (ET) Market data below delayed at least 15 min. NYSE Only Close Last Trade Volume Symbol Change 07 Mar 14 07 Mar 14 07 Mar 14 $ 94.99 +1.23 (+1.31%) 12,659,581 94.99 07 Mar 14 Open High Low 94.37 95.06 93.99 Previous Day's 52 Week NYSE Only Close Close High Low 101.74 84.79 93.76 n/a 10 Oct 2013 27 Dec 2013 P/E Ratio 12.89 Indicated Annual Dividend 2.52 Beta Coefficient 0.75 Earnings per Share 7.37 Yield (%) 2.65 Market Cap (billion) 410.47 B Shares Outstanding 4,321,240,000 Using the above information, answer the following questions: a) Calculate XOM's retention ratio. b) Calculate XOM's closing price as of Friday, March 7, 2014. c) Assume that Exxon Mobil Corporation is experiencing stable growth rate due to its mature line of business. Given that its return on equity is 3%, the yield on U.S treasury bonds is 3 percent and that S&P 500's index average return yields 6 percent, calculate XOM's market value of equity. Compare it to the XOM's market capitalization and Comment on your findings