sh.1 Problem 8-23 Using Stock Quotes [LO4]You have found the following stock quote for RJW Enterprises, Incorporated, in the financial pages of today's newspaper.52-WEEKHILO STOCK (DIV)137.50 83.60 RJW 2.20YLD % PE VOLUME 100s CLOSE NET CHANGE2.0 2110??-.73a. What was the closing price for this stock that appeared in yesterday's paper?Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.b. If the company currently has 15 million shares of stock outstanding, what was net income for the most recent four quarters?Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to 2 decimalplaces, e.g., 1,234,567.89.Answer is complete but not entirely correct.a. Yesterday's closing price$110.73b. Net income$33,000,000.00Return to question

(b) Net IncomeWe are given:The annual dividend per share is $2.20.The company has 15 million shares…

Answered: Problem 8-23 Using Stock Quotes [LO4]…

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter14: Distributions To Shareholders:dividends And Share Repurchases

Section: Chapter Questions

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