Beta Corporation had net income of $325,000 and paid dividends to common stockholders of $39,000 in 2022.The weighted average number of shares outstanding in 2022 was 50,000 shares.Beta Corporation's common stock is selling for $52 per share on the New York Stock Exchange.Beta Corporation's price-earnings ratio is
A) 12.5 times.
B) 8.0 times.
C) 6.5 times.
D) 9.1 times.
Correct Answer:
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