A Stock Quote Shows a Last Price of 32

Multiple Choice

A stock quote shows a last price of 32.13,a P/E of 17,and a net change of −.23.Based on this information,which one of the following statements is correct?

A) The closing price on the previous trading day was $.23 lower than today's closing price.
B) A dealer can purchase the stock for $.23 less than an investor can.
C) The earnings per share decreased by $.23 a share this year.
D) The earnings per share have increased by 17 percent this year.
E) The earnings per share are equal to 1/17^th of $32.13.