Question
A company is expected to earn $3.52 per share this year. The company has a dividend payout ratio of 50%, book value per share of
A company is expected to earn $3.52 per share this year. The company has a dividend payout ratio of 50%, book value per share of $33.5 and a P/E ratio of 15. What should one share of common stock be selling for in the market?
None of the answers is correct
$24.12
$52.8
$33.5
$63.25
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Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
