the investor's required rate of return is 17 percent, the expected level of earnings at the end of this year (Eq) is $7, the retention ratio is 60 percent, the return on equity (ROE) is 17 percent (that is, it can earn 17 percent on reinvested earnings), and similar shares of stock sell at multiples of 5.883 times earnings per share. d. What is the stock price using the dividend discount model? $ 41.18 (Round to the nearest cent.) e. Using the dividend discount model, what would be the stock price if the firm could earn 22% on reinvested earnings (ROE)? (Round to the nearest cent.)