Business

10 July, 02:15

Flex Co. just paid total dividends of $1,100,000 and reported additions to retained earnings of $3,300,000. The company has 725,000 shares of stock outstanding and a benchmark PE of 17.4 times. What stock price would you consider appropriate?

a. $95.04

b. $79.20

c. $105.60

d. $26.40

e. $100.32

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