If a 24 per share stock has a pe ratio of 12 and pays out


If a $24 per share stock has a P/E ratio of 12 and pays out 40 percent of its profits in dividends

How much profit is it earning per share?

How large is its dividend?

What is the implied rate of cash return?

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Financial Management: If a 24 per share stock has a pe ratio of 12 and pays out
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