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Erna Company is expected to pay a dividend of $2
Erna Company is expected to pay a dividend of $2.55 one year from today and $2.70 two years from today. The company's sales in two years are expected to be $15,800,000. The company has a PS ratio of 1.73 times, and 525,000 shares outstanding. If the required return on the company's stock is 11.1 percent, what is the current stock price? Multiple Choice 0 $48.53 ? O $46.66 O $4.48 O $6.08 0 $42.18
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