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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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If the payout ratio is 0.40 and net income is.... Please solve this financial accounting problem

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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