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Gnomes R Us just paid a dividend of $1.73 per share. The company has a dividend payout ratio of 30 percent. If the PE ratio

Gnomes R Us just paid a dividend of $1.73 per share. The company has a dividend payout ratio of 30 percent. If the PE ratio is 15.2 times, what is the stock price?

A- $26.30 B - $87.65 C - $7.89 D- $37.57 E- $62.61

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