If a firm has a P/E of 7, and its current price on the stock exchange is R2.10, what is the earnings yield of a single share? A) 333.33% B) 14.29% C) 100% D) 700%

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 1DTM
icon
Related questions
Question
100%

Need help please this financial accounting question

If a firm has a P/E of 7, and its current price on the stock exchange is R2.10,
what is the earnings yield of a single share?
A) 333.33%
B) 14.29%
C) 100%
D) 700%
Transcribed Image Text:If a firm has a P/E of 7, and its current price on the stock exchange is R2.10, what is the earnings yield of a single share? A) 333.33% B) 14.29% C) 100% D) 700%
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Personal Finance
Personal Finance
Finance
ISBN:
9781337669214
Author:
GARMAN
Publisher:
Cengage
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub