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The common stock of Rob's Discount Furniture is currently selling at $ 65.46 a share. The company adheres to a 60% dividend payout ratio and
The common stock of Rob's Discount Furniture is currently selling at $65.46 a share. The company adheres to a 60% dividend payout ratio and has a P/E ratio of 18. There are 41,000 shares of stock outstanding. What is the amount of the annual net income for the firm?
The common stock of Rob's Discount Furniture is currently selling at $65.46 a share. The company adheres to a 60% dividend payout ratio and has a P/E ratio of 18. There are 41,000 shares of stock outstanding. What is the amount of the annual net income for the firm?
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