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.

c

Business

You might also like to view...

In lean systems, if a defective product is found, which of the following is generally NOT done?

A) The production line is stopped. B) The defective unit is passed on to the next workstation. C) The defective unit is returned to the worker responsible for creating the defect. D) The production line is made aware of the problem without necessarily stopping the line.

Business

What are supertype and subtype entities? Include an example

What will be an ideal response?

Business