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Erna Company is expected to pay a dividend of $2.57 one year from today and $2.72 two years from today. The company's sales in two
Erna Company is expected to pay a dividend of $2.57 one year from today and $2.72 two years from today. The company's sales in two years are expected to be $15,850,000. The company has a PS ratio of 1.75 times, and 525,500 shares outstanding. If the required return on the company's stock is 11.2 percent, what is the current stock price?
options:
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$4.51
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$42.69
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$49.08
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$6.16
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$47.20
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