In Problem 3, if the company has a P/E ratio of 21.5, what is the earnings per

Question:

In Problem 3, if the company has a P/E ratio of 21.5, what is the earnings per share (EPS) for the company?

Data From Problem 3

You find a stock selling for $74.20 that has a dividend yield of 3.4 percent. What was the last quarterly dividend paid?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...