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Gnomes R Us just paid a dividend of $1.95 per share. The company has a dividend payout ratio of 55 percent. If the PE ratio

Gnomes R Us just paid a dividend of $1.95 per share. The company has a dividend payout ratio of 55 percent. If the PE ratio is 17.4 times, what is the stock price? Multiple Choice $33.93 $75.40 $6855 $6169 $18.66

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