Erna Company is expected to pay a dividend of $2.79 one year from today and $2.94 two years from today. The company's sales in two years are expected to be $16,400,000. The company has a PS ratio of 1.97 times, and 531,000 shares outstanding. If the required return on the company's stock is 12.3 percent, what is the current stock price
Answers: 3
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Erna Company is expected to pay a dividend of $2.79 one year from today and $2.94 two years from tod...
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