FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Flex Company just paid total dividends of $825,000 and reported additions to retained earnings of $2,475,000. The company has 615,000 shares of stock outstanding and

image text in transcribed
Flex Company just paid total dividends of $825,000 and reported additions to retained earnings of $2,475,000. The company has 615,000 shares of stock outstanding and a benchmark PE of 16.3 times. What stock price would you consider appropriate? Multiple Choice $87.46 $6560 $83.09 $21.87

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Handbook Of Financial Instruments

The Handbook Of Financial Instruments

Authors: Frank J. Fabozzi

1st Edition

0471220922, 978-0471220923

More Books

Students also viewed these Finance questions

Question

★★★★★
Why is it important for financial statements to have the qualitative characteristics of relevance and faithful representation? If you had to choose between having information that was more relevant...

Answered: 1 week ago

Question

★★★★★
When using DOCSIS 3 . 0 , what is the MINIMUM number of channels that can be used? a . 1 b . 2 c . 4 d . 1 6

Answered: 1 week ago

Question

★★★★★
19. Overall, group members communicate accurately with other group members. 1 2 3 4 5

Answered: 1 week ago

Question

★★★★★
The Department of Natural Resources (DNR) received a complaint from recreational fishermen that a community was releasing sewage into the river where they fished. These types of releases lower the...

Answered: 1 week ago

Question

★★★★★
Flex Company just paid total dividends of $825,000 and reported additions to retained earnings of $2,475,000. The company has 615,000 shares of stock outstanding and a benchmark PE of 16.3 times....

Answered: 1 week ago

Question

★★★★★
13. (Related to Checkpoint 5.7) (Calculating an EAR) After examining the various personal loan rates available to you, you find that you can borrow funds from a finance company at 14 percent...

Answered: 1 week ago

Question

★★★★★
Sue's product mix problem. Sue's Crackpot Pottery Company is a one-person operation (headed by Sue) set up to make small handcrafted pottery items. Sue has designed two products, a turned flowerpot...

Answered: 1 week ago

Question

★★★★★
Evaluate own performance and adjust own performance if required to align with organisational values eg: do you make expectations clear do you lead by example do you provide appropriate coaching,...

Answered: 1 week ago

Question

★★★★★
Discussion Questions What ethical issues are the cause of the scandal? Winterkorn said that "I am not aware of any wrongdoing on my part." What do you think VW customers think? Investors? Employees?...

Answered: 1 week ago

Question

★★★★★
The technology company that you work for is designing a new microchip to be used in school classrooms. Your job as the employee is to determine the specs of the chip. They have told you that it will...

Answered: 1 week ago

Question

★★★★★
The risk-to-adoption relationship can be considered ___. 1 point Both positively and negatively correlated Negatively correlated Positively correlated There is no relationship

Answered: 1 week ago

Question

★★★★★
Why do mergers and acquisitions have such an impact on employees?

Answered: 1 week ago

Question

★★★★★
What is strategic management? How does that apply to the healthcare industry? Be specific.

Answered: 1 week ago

Question

★★★★★
2. Describe the functions of communication

Answered: 1 week ago

Previous Question Next Question