Multiple Choice
The number of shares of Biggie Corporation stock outstanding in 2007 was 100 million. In 2007, Biggie stock paid a dividend of $2.40 per share and its dividend yield was 4 percent. If the price-earnings ratio is 16, then Biggie's total earnings in 2007 amounted to
A) $1.92 million.
B) $87.50 million.
C) $375.00 million.
D) $960.00 million.
Correct Answer:
Verified
Correct Answer:
Verified
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