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Gnomes R Us just paid a dividend of $1.79 per share. The company has a dividend payout ratio of 60 percent If the PE ratio

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Gnomes R Us just paid a dividend of $1.79 per share. The company has a dividend payout ratio of 60 percent If the PE ratio is 15.8 times, what is the stock price? Multiple Choice $58.92 $28.28 $47.14 $70.71 $16.97

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