Franklin Co. reported the following year-end data: net income of $220,000; annual cash dividends per share of
Question:
Franklin Co. reported the following year-end data: net income of $220,000; annual cash dividends per share of $3; market price per (common) share of $150; and earnings per share of $10. Compute the
(a) Price-earnings ratio and
(b) Dividend yield.
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