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Erna Company is expected to pay a dividend of $2.61 one year from today and $2.76 two years from today. The company's sales in two
Erna Company is expected to pay a dividend of $2.61 one year from today and $2.76 two years from today. The company's sales in two years are expected to be $15,950,000. The company has a PS ratio of 1.79 times, and 526,500 shares outstanding. If the required return on the company's stock is 11.4 percent, what is the current stock price? Multiple Choice O $6.32 O $43.70 O $4.57 O O $48.26 O $50.19
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