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Financial Ratios for Common Stockholders Morgan Corporation has only common stock outstanding. The firm reported earnings per share of $6.00 for the year. During the
Financial Ratios for Common Stockholders Morgan Corporation has only common stock outstanding. The firm reported earnings per share of $6.00 for the year. During the year, Morgan paid dividends of 52.10 per share. At year end the current market price of the stock was 572 per share. Calculate the following: Note: Round all answers to one decimal place Note: Round all answers to one decimal place, a. Price-earnings ratio 12 b. Dividend yield 13 * % c. Dividend payout ratio 35 %
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