There are 3 million common and one million preferred Kline Inc shares outstanding. Common shares closed on the TSX November 18 at $80.64 each, after an announcement that net income for the year was $22,500,000, and that a dividend of $2.25 would be paid on common shares and a dividend of $.90 would be paid on preferred shares. What was Kline's P/E ratio on that date?

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The Answer of There are 3 million common and one million preferred Kline Inc shares outstanding. Common shares closed on the TSX November 18 at $80.64 each, after an announcement that net income for the year was $22,500,000, and that a dividend of $2.25 would be paid on common shares and a dividend of $.90 would be paid on preferred shares. What was Kline's P/E ratio on that date?

There Are 3 Million Common and One Million Preferred Kline