Question
1. Clem Companys stock sells for $15 per share. The company has $50 million in earnings. At the beginning of the year they had 102
1. Clem Companys stock sells for $15 per share. The company has $50 million in earnings. At the beginning of the year they had 102 million shares issued and 4 million of treasury stock and at the end of the year they had 106 million shares issued and 4 million in treasury stock. The Price/Earnings ratio for the company is closest to: A. 31.5 B. 0.5 C. 30.0 D. 3.0
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
