Business, 07.04.2020 23:47 faizanaj3978

Flex Co. just paid total dividends of $525,000 and reported additions to retained earnings of $1,575,000. The company has 495,000 shares of stock outstanding and a benchmark PE of 15.1 times. What stock price would you consider appropriate?

a.$52.80
b.$17.60
c.$70.40
d.$63.36
e.$66.88

Answers: 2

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Flex Co. just paid total dividends of $525,000 and reported additions to retained earnings of $1,575...