(Answered) If a 22 per share stock has a pe ratio of 12 and pays out

Economics

If a $22 per share stock has a P/E ratio of 12 and pays out 40 percent of its profits in dividends,

(a) How much profit is it earning per share?

Instructions: Enter your response rounded to two decimal places.

(b) How large is its dividend?

Instructions: Enter your response rounded to two decimal places.

Instructions: Enter your response as a percent rounded to the nearest two decimals.

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