Markhem Enterprises is expected to earn $1.34 per share this year. The company has a dividend payout ratio of 40% and a P/E ratio of 18. What should the shares of ordinary shares in Markhem Enterprises be selling for in the market?
A) $14.47
B) $24.12
C) $33.77
D) $9.65
Correct Answer:
Verified
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