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Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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Question
What is the stock price? General accounting

Transcribed Image Text:Gnomes R Us just paid a dividend of $1.87 per share.
The company has a dividend payout ratio of 60
percent. If the PE ratio is 16.6 times, what is the stock
price?
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