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You are considering an investment in Roxie's Bed & Breakfast Corporation During the last year, the firm's income statement listed an addition to retained earnings

You are considering an investment in Roxie's Bed & Breakfast Corporation During the last year, the firm's income statement listed an addition to retained earnings of $9.60 million and common stock dividends of $3.00 million. Roxie's year-end balance sheet shows common stockholders' equity of $43.8 million with 18 million shares of common stock outstanding. The common stock's market price per share was $9.40.

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