Gnomes R Us just paid a dividend of $1.93 per share. The company has a dividend...
Gnomes R Us just paid a dividend of $1.93 per share. The company has a dividend payout ratio of 40 percent. If the PE ratio is 17.2 times, what is the stock price?
Homework Answers
dividend payout ratio=Dividend payout/Earnings
Earnings=(1.93/0.4)
=$4.825
PE ratio=Stock price/EPS
Stock price=$4.825*17.2
=$82.99
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