Bay City Mining,Inc

Multiple Choice

Bay City Mining,Inc.has a price of $20 a share,outstanding shares of 2.5 million,retained earnings of $1 million dollars,and a dividend yield of 2 percent.It has a price-earnings ratio of

A) 50,which is high by historical standards.
B) 50,which is low by historical standards.
C) 25,which is high by historical standards.
D) 25,which is low by historical standards.