Question
Flex Co. just paid total dividends of $550,000 and reported additions to retained earnings of $1,650,000. The company has 505,000 shares of stock outstanding and
Flex Co. just paid total dividends of $550,000 and reported additions to retained earnings of $1,650,000. The company has 505,000 shares of stock outstanding and a benchmark PE of 15.2 times. What stock price would you consider appropriate?
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
3rd edition
978-0077971304, 77971302, 978-0073530680, 73530689, 978-0071221160, 71221166, 978-0077905200
