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Question 8 (4 points) Gnomes R Us just paid a dividend of $1.72 per share. The company has a dividend payout ratio of 25 percent.

Question 8 (4 points) Gnomes R Us just paid a dividend of $1.72 per share. The company has a dividend payout ratio of 25 percent. If the PE ratio is 15.1 times, what is the stock price? $34.63 $103.89 $6.49 $69 26 $2597

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