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Question
What is the expected price for the stock of a company that just paid a dividend of $3.00? The company has a dividend payout ratio of 50 percent, discount rate of 25 percent, and a P/E of 10.
a. $60.00
b. $30.00
c. $12.00
d. $45.00
e. $22.50
Answer
This answer is hidden. It contains 72 characters.
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