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Flex Co. just paid total dividends of $925,000 and reported additions to retained earnings of $2,775,000. The company has 655,000 shares of stock outstanding and

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Flex Co. just paid total dividends of $925,000 and reported additions to retained earnings of $2,775,000. The company has 655,000 shares of stock outstanding and a benchmark PE of 16.7 times. What stock price would you consider appropriate? Multiple Choice $84.90 $70.75 $94.34 $89.62 $23.58

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