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GEN Has 1 Million Shares Outstanding and a P/E Ratio

Question 43

Multiple Choice

GEN has 1 million shares outstanding and a P/E ratio of 12. Its earnings per share is $2.00. What is GEN's market capitalization?

A) $24,000,000
B) $12,000,000
C) $2,000,000
D) $96,000,000

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