Multiple Choice
Ace Incorporated has just paid a dividend of $4.00 per share.They have a retention ratio of 20 percent.They have a P/E ratio of 14.What should be the current price of the stock?
A) $56.00
B) $11.20
C) $70.00
D) $46.67
E) There is not enough information to answer this question.
Correct Answer:
Verified
Correct Answer:
Verified
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