=+Preferred $10 stock, $40 par (no change during the year) 800,000 The net income was $600,000 and

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=+Preferred $10 stock, $40 par (no change during the year) 800,000 The net income was $600,000 and the declared dividends on the common stock were

$125,000 for the current year. The market price of the common stock is $20 per share.

For the common stock, determine

(a) the earnings per share,

(b) the price-earnings ratio,

(c) the dividends per share, and

(d) the dividend yield. Round to one decimal place except earnings per share, which should be rounded to two decimal places.

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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