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Costlo Co. just paid total dividends of $165100 and reported additions to retained earnings of $412750. The company has 103500 shares of stock outstanding and

Costlo Co. just paid total dividends of $165100 and reported additions to retained earnings of $412750. The company has 103500 shares of stock outstanding and a benchmark PE of 12 times. What stock price would you consider appropriate?

82.84

67.0

85.76

58.68

50.49

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