[Solved] 8, pleaes show work Reading a stock quote

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8, pleaes show work Reading a stock quote, you see that Builtrite pays a $2.50 dividend and has a PE of 12. You also note

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Reading a stock quote, you see that Builtrite pays a $2.50 dividend and has a PE of 12. You also note that Builtrite pays out half of its earnings as dividends. What is the price of Builtrite's stock? $40 $60 $80 $120

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