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At December 31,2013, Mckensie's price-earnings ratio was 13.4. For 2014, Mckensie's net income was $330,000, its earnings per share was $3.50, and it's annual dividend
At December 31,2013, Mckensie's price-earnings ratio was 13.4. For 2014, Mckensie's net income was $330,000, its earnings per share was $3.50, and it's annual dividend per share was $2.00.
What was the per share market price of Mckensie's stock at December 31,2013?
A)$46.90
B)$16.40
C)$32.80
D)$57.40
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