The Wall Street Journal quotation for a company has the following values: Div: $1.24, PE: 19.6, Close: $39.63. Calculate the dividend payout ratio for the company (Approximately). 55% 45% 61% 47% Apache Co. is expected to pay a dividend or $6.00 per share out of earnings of $12 per share. If the required rate of return on the stock is 16% and dividends are growing at a current rate of 12% per year, calculate the present value of the growth opportunity for the stock (PVGO). $75 $30 $50 $65