THE EXPECTED EPS (EARNINGS PER SHARE) OF KAMAL INC. IS $5 AND THE...

17. The expected EPS (earnings per share) of Kamal inc. is $5 and the company usually retains 70% of its earnings. Kamal inc. has a discount rate of 16%, and a return on equity (ROE) of 20%. What is Kamal inc. current stock price? A) $31.25 B) $60.75 C) $70 D) $75 E) $250