At December 31, McKensie's price-earnings ratio was 13.4. McKensie's net income was $330,000, its earnings per share was $3.50, and its annual dividend per share was $2.00.
What was the per share market price of McKensie's stock at December 31?
A) $46.90
B) $16.40
C) $32.80
D) $57.40
E) None of the above
Correct Answer:
Verified
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