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Alberta High Skies Company Has Net Income of $3 Million

Question 1

Multiple Choice

Alberta High Skies Company has net income of $3 million.It issued 500,000 shares two years ago at an issue price of $20 per share,and the stock is now trading at $35 per share.What is Alberta High Skies' price-earnings ratio?


A) 1.75
B) 3.33
C) 5.83
D) 9.17

Correct Answer:

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