Multiple Choice
Fulton Company's price-earnings ratio is 8.0 and the market price of a share of common stock is $32.The company has 3,000 shares of preferred stock outstanding with each share receiving a dividend of $3 per share.The earnings per share of common stock are:
A) $3.
B) $4.
C) $7.
D) $10.
Correct Answer:
Verified
Correct Answer:
Verified
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