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Nike Inc. is expected to generate $1.77 earnings per share this year. The company has a dividend payout ratio of 60% and a P/E ratio

Nike Inc. is expected to generate $1.77 earnings per share this year. The company has a dividend payout ratio of 60% and a P/E ratio of 50. What should one share of this common stock be selling for in the market?

A. $74.34

B.$123.90

C.$88.50

D.$135.15

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