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If a stock's P/E ratio is 13.5 at a time when earnings are $3 per year and the dividend payout ratio is 40%, what is

If a stock's P/E ratio is 13.5 at a time when earnings are $3 per year and the dividend payout ratio is 40%, what is the stocks current price?

a. $41.50 b. $20.00 c. $24.30 d. $40.50 e. $21.22

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