hello tuter Please provide correct answer If a $22 per share stock has a P/E ratio of 12 and paysout 40 percent of its profits in dividends, how muchprofit is it earning per share?

Given data, Price per share : $22P / E ratio : 12 We know that, P/E=Earning per sharePrice per…

Answered: If a $22 per share stock has a P/E…

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?