Gnomes R Us Just paid a dividend of $1.80 per share. The company has a dividend payout ratio of 65 percent. If the PE ratio Is 15.9 times, what is the stock price? $81.77 $28.62 $62.90 $44.03 O $18.60

Personal Finance
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ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
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Gnomes R Us just paid a dividend of $1.80 per share. The company has a dividend payout ratio of 65 percent. If the PE ratio
Is 15.9 times, what is the stock price?
$81.77
$28.62
$62.90
$44.03
O $18.60
Transcribed Image Text:Gnomes R Us just paid a dividend of $1.80 per share. The company has a dividend payout ratio of 65 percent. If the PE ratio Is 15.9 times, what is the stock price? $81.77 $28.62 $62.90 $44.03 O $18.60
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