P/E Ratio and Stock Price International Business Machines (IBM) has earnings per share of $7.00 and a P/E ratio of 15.22. What is the stock price? 1. A. $.46 2. B. $106.54 3. C. $2.17 4. D. $44.44

Cornerstones of Financial Accounting
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Chapter10: Stockholder's Equity
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Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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P/E Ratio and Stock Price International Business Machines
(IBM) has earnings per share of $7.00 and a P/E ratio of
15.22. What is the stock price?
1. A. $.46
2. B. $106.54
3. C. $2.17
4. D. $44.44
Transcribed Image Text:P/E Ratio and Stock Price International Business Machines (IBM) has earnings per share of $7.00 and a P/E ratio of 15.22. What is the stock price? 1. A. $.46 2. B. $106.54 3. C. $2.17 4. D. $44.44
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