Richards Corporation had net income of $255,398 and paid dividends to common stockholders of $55,700. It had 51,700 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $61 per share. The price-earnings ratio is Oa. 4.94 times Ob. 16.00 times Oc. 12.35 times Od. 1.00 times

Richards Corporation had net income of $255,398 and paid dividends to common stockholders of $55,700. It had 51,700 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $61 per share. The price-earnings ratio is Oa. 4.94 times Ob. 16.00 times Oc. 12.35 times Od. 1.00 times

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 1P

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