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Flex Co. just paid total dividends of $650,000 and reported additions to retained earnings of $1,950,000. The company has 545,000 shares of stock outstanding and

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Flex Co. just paid total dividends of $650,000 and reported additions to retained earnings of $1,950,000. The company has 545,000 shares of stock outstanding and a benchmark PE of 15.6 times. What stock price would you consider appropriate? Multiple Choice $70.70 $18.61 $74.42 $66.98 $55 82

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