Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 02, 2024

Gnomes R Us just paid a dividend of $1.91 per share. The company has a dividend payout ratio of 30 percent. If the PE ratio

Gnomes R Us just paid a dividend of $1.91 per share. The company has a dividend payout ratio of 30 percent. If the PE ratio is 17 times, what is the stock price?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Stock Market Trading For Beginners

Authors: Irvin Tarr

1st Edition

1491885327, 978-1491885321

More Books

Students also viewed these Finance questions

Question

★★★★★

The left column lists several cost classifications. The right column presents short definitions of those costs. In the blank space beside each of the numbers in the right column, write the letter of...

Answered: 1 week ago

Question

★★★★★

Liane Hansen has prepared the following list of statements about bonds. 1. Bonds are a form of interest-bearing notes payable. 2. When seeking long-term financing, an advantage of issuing bonds over...

Answered: 1 week ago

Question

★★★★★

1. Lloyd is a process engineer for a national engineering and construction company. He is currently working on the design of an oil refinery. It is late in the design process, and construction has...

Answered: 1 week ago

Question

★★★★★

In The Effect of Nozzle Design on the Stability and Performance of Turbulent Water Jets (Fire Safety Journal, Vol. 4, August 1981), C. Theobald describes an experiment in which a shape measurement...

Answered: 1 week ago

Question

★★★★★

Gnomes R Us just paid a dividend of $1.91 per share. The company has a dividend payout ratio of 30 percent. If the PE ratio is 17 times, what is the stock price?

Answered: 1 week ago

Question

★★★★★

Current Attempt in Progress The following account balances relate to the stockholders' equity accounts of Splish Brothers Inc. at year-end. 2022 2021 Common stock, 10,190 and 9,690 shares....

Answered: 1 week ago

Question

★★★★★

How different business ethics are in different countries? What should a global corporate do if it operates in a country that has conflicting ethics? Reference:...

Answered: 1 week ago

Question

★★★★★

Melur Manufacturing Company is the producer of food products. The following prime costs are for the Job No.555: Material (direct) 86kg A1 at RM5.3 per kg 53kg B2 at RM5.4 per kg Labour (direct) 44kg...

Answered: 1 week ago

Question

★★★★★

McEntyre Company has $80,000 in capital funds available for investment. The capital investment committee at McEntyre Company is currently considering two capital investment projects. The estimated...

Answered: 1 week ago

Question

★★★★★

Odds Ratio Problem Use the Job Satisfaction Dataset to answer the following questions. You may use the below spreadsheet to help with the calculations. Questions 1. Use an odds ratio to answer the...

Answered: 1 week ago

Question

★★★★★

Round 2 Well, Club Ted has done very well. You are in your 12thyear of operation and your memories of snow are distant at best. You have expanded quite a bit during your 12 years, and now you and...

Answered: 1 week ago

Previous Question Next Question