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Sunnytax Publinhing payn out all its eamings and has a share price of $3500. In...

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Sunnytax Publinhing payn out all its eamings and has a share price of $3500. In ordor to expand, Sunnylax Publshing decides to cut its dividend trom 53 00 to $2.00 per share and reinvest the retained funds. Once the funds are reitvested, they are expected to grow at a tate of 13%. If the reinvestment does not affect Sunnytax's equily cost of capital, what is the expected thare price as a consequence of this decision? A. sNo 05 b. $46.71 c. 537.37 D. $32.70

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