[Solved] Flex Co. just paid total dividends of $61

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Flex Co. just paid total dividends of $619,000 and reported additions to retained earnings of $1,863,000. The company has 539,800 shares of stock outstanding and

Flex Co. just paid total dividends of $619,000 and reported additions to retained earnings of $1,863,000. The company has 539,800 shares of stock outstanding and a benchmark PE of 11.9 times. What stock price would you consider appropriate?

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