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A company has earnings per share of $9.70. Its dividend per share is $.55, its market price per share is $122.22, and its book value per share is $98. Its price-earnings ratio equals:

A company has earnings per share of $9.70. Its dividend per share is $.55, its market price per share is $122.22, and its book value per share is $98. Its price-earnings ratio equals:

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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A company has earnings per share of $9.70. Its dividend per share is $.55, its market price per share is $122.22, and its book value per share is $98. Its price-earnings ratio equals:
Transcribed Image Text:A company has earnings per share of $9.70. Its dividend per share is $.55, its market price per share is $122.22, and its book value per share is $98. Its price-earnings ratio equals:
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