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Last Year, Hi-Lo Electronics Earned $2

Question 97

Multiple Choice

Last year, Hi-Lo Electronics earned $2.50 per share.If the current market value for a share of stock is $55, what is the firm's PE ratio?

A) 0.025
B) 2.5
C) 22
D) 55
E) It is impossible to calculate a PE ratio with this information.

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