Multiple Choice
A company has net income of $2,800,000.It also has 400,000 weighted-average common shares outstanding and a price-earnings ratio of 20.What is the market value per share of this company's stock?
A) $2.85
B) $140
C) $20,000
D) $.35
E) $2,857.14
Correct Answer:
Verified
Correct Answer:
Verified
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