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Question
Ace Incorporated has just paid a dividend of $4.00 per share. They have a retention ratio of 20 percent. They have a P/E ratio of 14. What should be the current price of the stock?
a. $56.00
b. $11.20
c. $70.00
d. $46.67
e. There is not enough information to answer this question.
Answer
This answer is hidden. It contains 80 characters.
Related questions
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