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If a $22 per share stock has a P/E ratio of 12 and pays out 40 percent of its profits in dividends, how much profit is it earning per share?

If a $22 per share stock has a P/E ratio of 12 and pays out 40 percent of its profits in dividends, how much profit is it earning per share?

Personal Finance
Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 1DTM
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If a $22 per share stock has a P/E ratio of 12 and pays out 40 percent of its profits in dividends, how much profit is it earning per share?
Transcribed Image Text:If a $22 per share stock has a P/E ratio of 12 and pays out 40 percent of its profits in dividends, how much profit is it earning per share?
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