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Custer Corporation Reported the Following Information Related to Its Common

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Custer Corporation reported the following information related to its common share (par $10) outstanding and profit:  Total shareholders’ equity (no preferred stock) $125,000 Current market price per share of the common stock $40.00 Dividends declared and paid during 20X6 $10,000 Balance in the common stock account $40,000 Profit $35,000 (a)  The price/earnings ratio related to current operations was  (b)  The dividend yield ratio was  (c)  The book value per share of common stock was $\begin{array}{l}\begin{array} { | l | r | } \hline \text { Total shareholders' equity (no preferred stock) } & \$ 125,000 \\\hline \text { Current market price per share of the common stock } & \$ 40.00 \\\hline \text { Dividends declared and paid during 20X6 } & \$ 10,000 \\\hline \text { Balance in the common stock account } & \$ 40,000 \\\hline \text { Profit } & \$ 35,000 \\\hline\end{array}\\\\\begin{array} { | l | l | } \hline \text { (a) } & \text { The price/earnings ratio related to current operations was } \\\hline \text { (b) } & \text { The dividend yield ratio was } \\\hline \text { (c) } & \text { The book value per share of common stock was } \$ \\\hline\end{array}\end{array}

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(a) $40/[($35,000)/($40,000/$1...

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