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Personal Financial Planning 13th Edition by Lawrence Gitman,Michael Joehnk,Randy Billingsley
Edition 13ISBN: 978-1111971632Personal Financial Planning 13th Edition by Lawrence Gitman,Michael Joehnk,Randy Billingsley
Edition 13ISBN: 978-1111971632 Exercise 36
The Clarkson Company recently reported net profits after taxes of $15.8 million. It has 2.5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company's stock currently trades at $60 per share.
a. Compute the stock's EPS.
b. What is the stock's P/E ratio
c. Determine what the stock's dividend yield would be if it paid $1.75 per share to common stockholders.
a. Compute the stock's EPS.
b. What is the stock's P/E ratio
c. Determine what the stock's dividend yield would be if it paid $1.75 per share to common stockholders.
Explanation
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a) Compute the Earnings per share:
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Personal Financial Planning 13th Edition by Lawrence Gitman,Michael Joehnk,Randy Billingsley
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