A firm earned $13 million last year and maintains a 30% dividend payout ratio. The company has

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A firm earned $13 million last year and maintains a 30% dividend payout ratio. The company has 2 million shares of common stock outstanding and a P/E ratio of 10.

What is the price per share ?

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Jun 13, 2023 12:35 AM

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A firm earned $13 million last year and maintains a 30% dividend payout ratio. The company has

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To calculate the price per share we can use the following formula Pric... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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