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Dex Co. just paid a dividend of $700,000 and reported additions to retained earnings of $3,000,000. The company has 500,000 shares of stock outstanding and
Dex Co. just paid a dividend of $700,000 and reported additions to retained earnings of $3,000,000. The company has 500,000 shares of stock outstanding and a benchmark PE of 15 times. What stock price would you consider appropriate? Show all work
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