Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 28, 2024

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

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

Global Corporate Finance A Focused Approach

Authors: Kenneth A. Kim

1st Edition

9814335827, 9789814335829

More Books

Students also viewed these Finance questions

Question

★★★★★

Ryan Sound uses a periodic inventory system. One of the store's products is a wireless headphone. The inventory quantities, purchases, and sales of this product for the most recent year are as...

Answered: 1 week ago

Question

★★★★★

Which of the following states the correct relationship among yield measures for discount bonds? a. Coupon rate Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

=+11. Pole vault. Pole vault technology has evolved considerably since the times of the ancient Greeks and even more recently as new materials have found their way into pole manufacturing. There are...

Answered: 1 week ago

Question

★★★★★

Mexico represents a small part of the world orange market. a. Draw a diagram depicting the equilibrium in the Mexican orange market without international trade. Identify the equilibrium price,...

Answered: 1 week ago

Question

★★★★★

please follow the format and carefully count the boxes properly, thank you so much! Carla Vista Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are...

Answered: 1 week ago

Question

★★★★★

List at least one "real life" situation that may arise out of each category. Be sure to explain how you think each issue should be handled, policy-wise. 1. Relationships with citizens and others over...

Answered: 1 week ago

Question

★★★★★

A) Calculate the contribution margin ratio. B) Calculate the break-even point in dollars. C)Calculate the margin of safety in dollars. D)The company wishes to increase its total dollar contribution...

Answered: 1 week ago

Question

★★★★★

Customer Service E-mail You recently paid $250 to Keller & Jenkins for adding a provision in your will to establish a scholarship endowment at your alma mater. While eating lunch in a crowded...

Answered: 1 week ago

Question

★★★★★

1. When a member with a minority interest in an LLC acquires enough ownership interests in the LLC to hold a majority interest: a. a change of ownership occurs b. reassessment of the entire parcel of...

Answered: 1 week ago

Question

★★★★★

13) On December 31, 2023, Vivid Corporation prepared adjusting entries that included the following items: Depreciation expense: $43,400. Accrued sales revenue: $40,600. Accrued expenses: $16,800....

Answered: 1 week ago

Question

★★★★★

Accounting for Gift Cards Assume Ikeo Inc. sold $160,000 of gift cards during the last two weeks of December 2020. No gift cards were redeemed in 2020, while $144,000 of the gift cards were redeemed...

Answered: 1 week ago

Question

★★★★★

Continue Mini Case 1 (the Accounting Cycle Part 1), the following information is available for FastForward in September that may need adjustments.1 1. By the end of September, FastForward has...

Answered: 1 week ago

Question

★★★★★

2. If you could advise Joshs father on listening effectively, what would you tell him to do differently? Apply what youve learned in this chapter by analyzing the following case study, using the...

Answered: 1 week ago

Question

★★★★★

3. What advice would you offer Josh on listening more effectively to his father? Apply what youve learned in this chapter by analyzing the following case study, using the accompanying questions as a...

Answered: 1 week ago

Question

★★★★★

4. How does eff ective listening diff er across listening goals?

Answered: 1 week ago

Previous Question Next Question