A company just paid dividends of $500,000. The company had retained earnings of $1.5 mm. 500,000 shares are currently outstanding. If the benchmark P/E is 16, what is the projected price of the stock?
Total earnings =1500000+500000 =2000000
Earnings per share =2000000/500000 =4
Projected price =16*4 =64
A company just paid dividends of $500,000. The company had retained earnings of $1.5 mm. 500,000 s...
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