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Flex Co. just paid total dividends of $950,000 and reported additions to retained earnings of $2,850,000. The company has 665,000 shares of stock outstanding and
Flex Co. just paid total dividends of $950,000 and reported additions to retained earnings of $2,850,000. The company has 665,000 shares of stock outstanding and a benchmark PE of 16.8 times. What stock price would you consider appropriate?
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$86.40
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$72.00
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$96.00
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$91.20
- $24.00
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