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Gnomes R Us just paid a dividend of $1.92 per share. The company has a dividend payout ratio of 35 percent. If the PE ratio

Gnomes R Us just paid a dividend of $1.92 per share. The company has a dividend payout ratio of 35 percent. If the PE ratio is 17.1 times, what is the stock price?

  • $93.81

  • $32.83

  • $72.16

  • $50.51

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