6. Use the following information for Italys Manor National Bank (MNB) at the year-end to calculate the performance measures:

• Net income: $185,600,000
• Cash dividends: $21,400,000
• Shares of stock outstanding: 30,191,000
• Market price of the stock: $84.87
• Book value of the common stock: $63.67

The European Banks stock P/E ratio is:

a. 9.8 x

b. 12.4 x

c. 11.0 x

d. 13.8 x

e. 15.2 x