Success Ltd has a price-earnings ratio of 5 and earnings per share of 22 cents. Its issued capital consists of 2,000,000 $1 ordinary shares. The market price per share is:
A) $1.0
B) $1.10
C) $4.40
D) none of the above.

Question

Quizplus · Accepted Answer

The Answer of Success Ltd has a price-earnings ratio of 5 and earnings per share of 22 cents. Its issued capital consists of 2,000,000 $1 ordinary shares. The market price per share is:
A) $1.0
B) $1.10
C) $4.40
D) none of the above.

Success Ltd Has a Price-Earnings Ratio of 5 and Earnings