Assuming a net income for P1.5 billion by the end of the year 50, 000 normal shares outstanding throughout the year at a market price of P120, the price earning ratio is: a. two times b. three times c. four times d. five times

Assuming a net income for P1.5 billion by the end of the year 50, 000 normal shares outstanding throughout the year at a market price of P120, the price earning ratio is: a. two times b. three times c. four times d. five times

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter7: Stocks (equity) - Characterstics And Valuation

Section: Chapter Questions

Problem 18PROB

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Question

Assuming a net income for P1.5 billion by the end of the year 50, 000 normal shares outstanding throughout the year at a market price of P120, the price earning ratio is:

a. two times

b. three times

c. four times

d. five times

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