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Gnomes R Us just paid a dividend of $1.85 per share. The company has a dividend payout ratio of 45 percent. If the PE ratio

Gnomes R Us just paid a dividend of $1.85 per share. The company has a dividend payout ratio of 45 percent. If the PE ratio is 16.4 times, what is the stock price? Multiple Choice $61.29 $55.16 $67.42 $13.65 $30.34

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