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13) JFINEX Corporation has 25,000 outstanding common shares outstanding that have a par value of 40 per share. The stock's market price is 120. The corporation reported a net income of 20 per share. What will be the corporation's adjusted price to earnings ratio if it declared a 15% stock dividend?" A) 6.00 B) 2.00 C) 2.30

13) JFINEX Corporation has 25,000 outstanding common shares outstanding that have a par value of 40 per share. The stock's market price is 120. The corporation reported a net income of 20 per share. What will be the corporation's adjusted price to earnings ratio if it declared a 15% stock dividend?" A) 6.00 B) 2.00 C) 2.30

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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13) JFINEX Corporation has 25,000 outstanding common shares outstanding that have a par value of 40 per share. The stock's market price is 120. The corporation reported a net income of 20 per share. What will be the corporation's adjusted price to earnings ratio if it declared a 15% stock dividend?" A) 6.00 B) 2.00 C) 2.30 D) 6.90 E) None of the above
Transcribed Image Text:13) JFINEX Corporation has 25,000 outstanding common shares outstanding that have a par value of 40 per share. The stock's market price is 120. The corporation reported a net income of 20 per share. What will be the corporation's adjusted price to earnings ratio if it declared a 15% stock dividend?" A) 6.00 B) 2.00 C) 2.30 D) 6.90 E) None of the above
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