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Question
foster corporation had net income of $160,000 and paid dividends to common stockholders of $40,000 in 2012. the weighted average number of shares outstanding in 2012 was 50,000 shares. foster corporation's common stock is selling for $50 per share on the new york stock exchange. foster corporation's price-earnings ratio is
a.3.2 times
b.15.6 times
c.10 times
d.5 times
Answer
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