Multiple Choice
Turner's Inc.has a price-earnings ratio of 16.Alfred's Co.has a price-earnings ratio of 19.Thus,you can state with certainty that one share of stock in Alfred's:
A) has a higher market price than one share of stock in Turner's.
B) has a higher market price per dollar of earnings than does one share of Turner's.
C) sells at a lower price per share than one share of Turner's.
D) represents a larger percentage of firm ownership than does one share of Turner's stock.
E) earns a greater profit per share than does one share of Turner's stock.
Correct Answer:
Verified
Correct Answer:
Verified
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