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Fulton Company's Price-Earnings Ratio Is 8

Question 153

Multiple Choice

Fulton Company's price-earnings ratio is 8.0,and the market price of its common shares is $32.The company has 3,000 shares of preferred shares outstanding,with each share receiving a dividend of $3.What is the earnings per common share?


A) $3.
B) $4.
C) $7.
D) $10.

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