The closing price of a stock is quoted at 22.87,with a P/E of 26 and a net change of 1.42. Based on this information,which one of the following statements is correct?
A) The closing price on the previous day was $1.42 higher than today's closing price.
B) A dealer will buy the stock at $22.87 and sell it at $26 a share.
C) The stock increased in value between yesterday's close and today's close by $.0142.
D) The earnings per share are equal to 1/26th of $22.87.
E) The earnings per share have increased by $1.42 this year.
Correct Answer:
Verified
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