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Fast-Tech Corp's Common Shares Have a Market Value of $63

Question 67

Multiple Choice

Fast-Tech Corp's common shares have a market value of $63.The corporation's profit is $1,350,000 and the total number of shares outstanding is 450,000.The price-earnings ratio is


A) 20.9
B) 4.2
C) 21.0
D) 24.0
E) 6.8

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