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The Dawson Corporation projects the following for the year 2014: Earnings before interest and taxes $35 million Interest expense $5 million Preferred stock dividends $4
The Dawson Corporation projects the following for the year 2014: Earnings before interest and taxes $35 million Interest expense $5 million Preferred stock dividends $4 million Common stock dividend payout ratio 30% Common shares outstanding $2 million Effective corporate income tax rate 40% If Dawson's Corporation's common stock is expected to trade at a price/earnings ratio of eight, the market price per share would be what?
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