Flex Co. just paid total dividends of $1,125,000 and reported additions to retained earnings of $3,375,000. The

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Flex Co. just paid total dividends of $1,125,000 and reported additions to retained earnings of $3,375,000. The company has 735,000 shares of stock outstanding and a benchmark PE of 17.50 times.

What stock price would you consider appropriate?

Related Book For answer-question

Fundamentals Of Corporate Finance

ISBN: 9781265553609

13th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Posted Date: May 12, 2023 11:20 PM

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Flex Co. just paid total dividends of $1,125,000 and reported additions to retained earnings of $3,375,000. The

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Answer Introduction i Dividend Per Share is the total sum of dividends contributed to each equity pi... View the full answer

Fundamentals Of Corporate Finance

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