Multiple Choice
At December 31, 2019, Van Devender's price-earnings ratio was 13.4. For 2019, Van Devender's net income was $660,000, its earnings per share was $7.00, and its annual dividend per share was $4.00.
What was the per share market price of Van Devender's stock at December 31, 2019?
A) $93.80
B) $40.20
C) $65.60
D) $53.60
Correct Answer:
Verified
Correct Answer:
Verified
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