Donner Corporation had net income of $200,000 and paid dividends to common stockholders of $40,000 in 2013.The weighted average number of shares outstanding in 2013 was 50,000 shares.Donner Corporation's common stock is selling for $35 per share on the New York Stock Exchange.Donner Corporation's price-earnings ratio is
A) 5 times.
B) 8.75 times.
C) 4 times.
D) 10.9 times.
Correct Answer:
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