PT Co has just paid a dividend of 15 cents per share and its share price one year ago was $3.00 per share. The total shareholder return for the year was 25%. What is the current share price (to two decimal places)?

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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PT Co has just paid a dividend of 15 cents per share and its share price one year ago
was $3.00 per share. The total shareholder return for the year was 25 %. What is the
current share price (to two decimal places)?
Transcribed Image Text:PT Co has just paid a dividend of 15 cents per share and its share price one year ago was $3.00 per share. The total shareholder return for the year was 25 %. What is the current share price (to two decimal places)?
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