You know the following concerning a common stock: EPS $3.00 Payout ratio 25% P/E 10 Annual rate
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Question:
- You know the following concerning a common stock:
EPS $3.00
Payout ratio 25%
P/E 10
Annual rate of growth of 6%
earnings and dividends
- What is the maximum price you should be willing to pay for the stock?
Expert Answer:
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