If the payout ratio is 0.40 and net income is 100 then the stock price is A. 40 B. 60 C. 80 D. unable to tell from data given

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter2: Risk And Return: Part I
Section: Chapter Questions
Problem 7P
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Kindly help with this question answer general Accounting

If the payout ratio is 0.40 and net
income is 100 then the stock price is
A. 40
B. 60
C. 80
D. unable to tell from data given
Transcribed Image Text:If the payout ratio is 0.40 and net income is 100 then the stock price is A. 40 B. 60 C. 80 D. unable to tell from data given
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