Please provide the correct answer to this financial accounting problem using valid calculations. Blue Wave Industries has the following stock listing:•Price per share: $85.50•52-week range: $80 to $90•Average earnings per share (EPS): $5.50Dividend per share: $2.00(a) What is the P/E ratio to the nearest whole number?(b) What is the dividend yield to the nearest hundredth?

Step 1: Detailed Explanation of the Price-Earnings (P/E) RatioThe Price-Earnings (P/E) ratio is one…

Answered: Blue Wave Industries has the following…

Personal Finance

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ISBN:9781337669214

Author:GARMAN

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Chapter14: Investing In Stocks And Bonds

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What is the stock's current price ?
Subject:-- general accounting
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Sub. General Account
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Blue Wave Industries has the following stock listing: • Price per share: $85.50 • 52-week range: $80 to $90 • Average earnings per share (EPS): $5.50 Dividend per share: $2.00 (a) What is the P/E ratio to the nearest whole number? (b) What is the dividend yield to the nearest hundredth?