If a company's P/E ratio is 24 and the company's EPS is $1.50,then the company's stock price is:
A) $36.00.
B) $25.50.
C) $16.00.
D) $6.25.

Name: If a company's P/E ratio is 24 and the company's EPS is $1.50,then the company's stock price is: A) $36.00. B) $25.50. C) $16.00. D) $6.25.
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Question

Quizplus · Accepted Answer

To find the stock price, we need to multiply the P/E ratio by the EPS. 
P/E ratio = 24
EPS = $1.50
Stock price = P/E ratio * EPS
Stock price = 24 * $1.50
Stock price = $36.00. 
Therefore, the answer is choice A.

If a Company's P/E Ratio Is 24 and the Company's