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Question
reese corporation had net income of $250,000 and paid dividends to common stockholders of $50,000 in 2012. the weighted average number of shares outstanding in 2012 was 50,000 shares. reese corporation's common stock is selling for $40 per share on the new york stock exchange. reese corporation's price-earnings ratio is
a.2 times
b.8 times
c.10 times
d.5 times
Answer
This answer is hidden. It contains 1 characters.
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