What is the stock price on these financial accounting question? Elven Enterprises just paid a dividend of $2.10 pershare. The company has a dividend payout ratio of70%. If the P/E ratio is 18.2 times, what is thestock price?

To find the stock price, we can use the following formula: Stock Price = P/E Ratio × Earnings per…

Answered: Elven Enterprises just paid a dividend…

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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