Miracle Co. just paid total dividends of $200200 and reported additions to retained earnings of...
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Accounting
Miracle Co. just paid total dividends of $200200 and reported additions to retained earnings of $600600. The company has 72800 shares of stock outstanding and a benchmark PE of 8 times. What stock price would you consider appropriate?
a) 88.0
b) 64.31
c) 104.79
d) 114.19
e) 99.12
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