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Erna Company is expected to pay a dividend of $2.39 one year from today and $2.54 two years from today. The company's sales in two
Erna Company is expected to pay a dividend of $2.39 one year from today and $2.54 two years from today. The company's sales in two years are expected to be $15,400,000. The company has a PS ratio of 1.57 times, and 521,000 shares outstanding. If the required return on the company's stock is 10.3 percent, what is the current stock price
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