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Erna Company is expected to pay a dividend of $2.35 one year from today and $2.50 two years from today. The company's sales in two
Erna Company is expected to pay a dividend of $2.35 one year from today and $2.50 two years from today. The company's sales in two years are expected to be $15,300,000. The company has a PS ratio of 1.53 times, and 520,000 shares outstanding. If the required return on the company's stock is 10.1 percent, what is the current stock price? O $42.99 $4.20 O $5.29 O $3714 O $41.33
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