What is the current value of the common stock of Clump Dump Kitty Litter, Limited if you know the current dividend yield is 6.14%, the PE is 16, and the annual dividend is $1.35?
A)$21.60
B)$21.99
C)$8.29
D)$98.24

Name: What is the current value of the common stock of Clump Dump Kitty Litter, Limited if you know the current dividend yield is 6.14%, the PE is 16, and the annual dividend is $1.35? A)$21.60 B)$21.99 C)$8.29 D)$98.24
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Quizplus · Accepted Answer

Price = dividend/current yield = $1.35/0.0614 = $21.99

What Is the Current Value of the Common Stock of Clump