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19-09-2020
Business

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A company has net income of $945,000; its weighted average common shares outstanding are $189,000. its dividend per share is $0.90, its market price per share is $97, and its book value per share is $89.50. its price earnings ratio equals:

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nasimaimrana nasimaimrana

19-09-2020

Explanation:

Net Income=$945000

Average outstanding=$189000

Per Share=$0.90

Market price=$97

Book value=$89.50

Ratio=7:5

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