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At December 31, 2016, McKinleys price-earnings ratio was 13.4. For 2016, McKinleys net income was $660,000, its earnings per share was $7.00, and its annual

At December 31, 2016, McKinleys price-earnings ratio was 13.4. For 2016, McKinleys net income was $660,000, its earnings per share was $7.00, and its annual dividend per share was $4.00. What was the per share market price of McKinleys stock at December 31, 2016? A. $53.60 B. $65.60 C. $93.80 D. $40.20

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