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Flex Co. just paid total dividends of $775,000 and reported additions to retained earnings of $2,325,000. The company has 595,000 shares of stock outstanding and
Flex Co. just paid total dividends of $775,000 and reported additions to retained earnings of $2,325,000. The company has 595,000 shares of stock outstanding and a benchmark PE of 16.1 times. What stock price would you consider appropriate?
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