Multiple Choice
ABC has a net profit margin of 3.3 percent on sales of $10,000,000. The firm has 50,000 shares outstanding. If the firm's P/E is 19 times, how much is the stock selling for?
A) $41.72
B) $34.96
C) $125.40
D) $99.16
Correct Answer:
Verified
Correct Answer:
Verified
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