Multiple Choice
PacknCamp Corporation has a price of $40, has issued 2 million shares, has increased its cumulated retained earnings by $2 million, and has a dividend yield of 2 percent. What is the price/earnings ratio of PacknCamp?
A) 40, which is high compared to historical standards of the market
B) 40, which is low compared to historical standards of the market
C) 20, which is low compared to historical standards of the market
D) 20, which is high compared to historical standards of the market
Correct Answer:
Verified
Correct Answer:
Verified
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