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Gnomes R Us just paid a dividend of $3.22 per share. The company has a dividend payout ratio of 64 percent. If the PE ratio is 18.2 times, what is the stock price? General Accounting 27

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Gnomes R Us just paid a dividend of $3.22 per share. The company has a dividend payout ratio of 64 percent. If the PE ratio is 18.2 times, what is the stock price? General Accounting 27

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