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$ 2.9 (b) How large is its dividend? Instructions: Enter your response rounded to two decimal places. $ 1.16 (c) What is the implied rate of return? Instructions: Enter your response as a percent rounded to the nearest two decimals. 4%

$ 2.9 (b) How large is its dividend? Instructions: Enter your response rounded to two decimal places. $ 1.16 (c) What is the implied rate of return? Instructions: Enter your response as a percent rounded to the nearest two decimals. 4%

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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If a $29 per share stock has a P/E ratio of 12 and pays out 40 percent of its profits in dividends, (a) How much profit is it earning per share? Instructions: Enter your response rounded to two decimal places. $ 2.9 (b) How large is its dividend? Instructions: Enter your response rounded to two decimal places. $ 1.16 (c) What is the implied rate of return? Instructions: Enter your response as a percent rounded to the nearest two decimals. 4 %
Transcribed Image Text:If a $29 per share stock has a P/E ratio of 12 and pays out 40 percent of its profits in dividends, (a) How much profit is it earning per share? Instructions: Enter your response rounded to two decimal places. $ 2.9 (b) How large is its dividend? Instructions: Enter your response rounded to two decimal places. $ 1.16 (c) What is the implied rate of return? Instructions: Enter your response as a percent rounded to the nearest two decimals. 4 %
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