Denton Limited Company reported earnings per share of common stock $2 in 2017 and paid dividends of $1.50 per share.Denton has no preferred stock issued.The current market price per share is $15 and the book value per share is $14.How much is Denton's price-earnings ratio?
A) $6.75
B) $7.50
C) $7.00
D) $30.00
Correct Answer:
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