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Fulton Company's Price-Earnings Ratio Is 8

Question 178

Multiple Choice

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


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

Correct Answer:

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