the expected dividend payout ratio of a fi

问题：

the expected dividend payout ratio of a firm is expected to rise from 50 percent to 55 percent, the cost of equity is expected to increase from 10 percent to 11 percent, and the firm’s growth rate remains at 5 percent, what will happen to the firm’s price-to-equity (P/E) ratio It will:（）

A. increase.

B. be negative.

C. decline.