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Answer for B? Morgan Corporation has only common stock outstanding. The firm reported earnings per share of $6.00 for the year. During the year, Morgan

Answer for B?
Morgan Corporation has only common stock outstanding. The firm reported earnings per share of $6.00 for the year. During the year, Morgan paid dividends of $2.10 per share. At year end the current market price of the stock was $72 per share. Calculate the following: Note: Round all answers to one decimal place. a. Price-earnings ratio b. Dividend yield % c. Dividend payout ratio %

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