Elven Enterprises just paid a dividend of $2.10 per share. The company has a dividend payout ratio of 70%. If the P/E ratio is 18.2 times, what is the stock price?
Elven Enterprises just paid a dividend of $2.10 per share. The company has a dividend payout ratio of 70%. If the P/E ratio is 18.2 times, what is the stock price?
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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What is the stock price on these financial accounting question?

Transcribed Image Text:Elven Enterprises just paid a dividend of $2.10 per
share. The company has a dividend payout ratio of
70%. If the P/E ratio is 18.2 times, what is the
stock price?
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