Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Nov 21, 2022

If a firm has a P/E of 7, and its current price on the stock exchange is R2.10, what is the earnings yield of

If a firm has a P/E of 7, and its current price on the stock exchange is R2.10, what is the earnings yield of a single share? Select one: a. 333.33% b. 14.29% c. 100% d. 700%

Step by Step Solution

★★★★★

3.42 Rating (165 Votes )

There are 3 Steps involved in it

Step: 1

Earnings Yi... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Methods For Business

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam

12th Edition

840062338, 840062346, 9780840062338, 978-0840062345

More Books

Students also viewed these Accounting questions

Question

★★★★★

Currency 2007 2008 $1 1.5 euros 1 euro $1 2 reais 1.5 reais $1 2 p0unds 3 pounds $1 45 reupees 50 rupees 1)The U.S. dollar depreciated against the real by: 2) Between 2007 and 2008, how did the euro...

Answered: 1 week ago

Question

★★★★★

(a) Only a limited number of maxima can be observed with a diffraction grating. The factor(s) that limit(s) the number of maxima seen is (are) (a) (1) the wave-length, (2) the grating spacing, (3)...

Answered: 1 week ago

Question

★★★★★

Is it possible to operate as an ethical organization without one or more of the three pillars? Discuss.

Answered: 1 week ago

Question

★★★★★

Remove left recursion in the following grammar. Show each step. Hint: First remove direct left recursion. Then the indirect left recursion. A AB | Aab | BA| a Bb | | b

Answered: 1 week ago

Question

★★★★★

A city ballot includes a local initiative that would legalize gambling. The issue is hotly contested, and two groups decide to conduct polls to predict the outcome. The local newspaper finds that 53%...

Answered: 1 week ago

Question

★★★★★

1. How do you feel this management team did in managing its RevPAR in the month they are reviewing? 2. What decision-making errors likely led to the results viewed by Heather and Stephanie? 3. What...

Answered: 1 week ago

Question

★★★★★

Irne has four books that she wants to put on a library shelf. Three of these books form a 3-volume set of a dictionary, so that they are marked as Volumes I, II, and III, respectively. (i) Find an...

Answered: 1 week ago

Question

★★★★★

Rena Reynolds, one of your firm's workers, has just come into the payroll department and says to you: ''I am thinking of amending my Form W-4 so that an additional $10 is withheld each week. That way...

Answered: 1 week ago

Question

★★★★★

On June 31, 2020, Green company received a bank statement with a balance of 220,500 SR. Reconciling items included error made by the accountant of the company of 4,500 check recorded as 4,050 SR. The...

Answered: 1 week ago

Question

★★★★★

Moravanti Italian Imports has four employees and pays biweekly. On Form W-4, complete Step 2, the Multiple Jobs Worksheet (when applicable) to obtain the amount for Step 4(c). Calculate the federal...

Answered: 1 week ago

Question

★★★★★

Question 3 1.5 pts The monthly adjusted stock price for stock X is $45.0, $44.4. $47.1. $45.4. and $44.7 for July, August, September October, and November respectively. What is this stock's return...

Answered: 1 week ago

Question

★★★★★

An idealized model of the normalized power spectral density of a gas laser oscillating in $N$ equal-intensity axial modes is \[ \widehat{\mathcal{G}}(v)=\frac{1}{N} \sum_{n=-(N-1) / 2}^{(N-1) / 2}...

Answered: 1 week ago

Question

★★★★★

According to Figure 1.2, the EU is a major customer of exports from Africa and the Middle East. What types of products do you think these areas produce for export, and why do you think the EU is...

Answered: 1 week ago

Question

★★★★★

Compare the results of Exercise 3 with those obtained via the program arima.rob. Data From Exercise 3: Use the package tsoutliers to detect outliers in the 9th and 10th series of the data set...

Answered: 1 week ago

Question

★★★★★

D. J. Hills checkbook lists the following: Hills May bank statement shows the following: Requirements 1. Prepare Hills bank reconciliation at May 31, 2012. 2. How much cash does Hill actually have on...

Answered: 1 week ago

Question

★★★★★

In order to meet strong competition from Volkswagen as well as other foreign domestic subcompacts, Lee Iacocca, then president of Ford Motor Co., decided to introduce a new vehicle by 1970, to be...

Answered: 1 week ago

Question

★★★★★

D-NRG Ltd is planning to invest in an energy-enhancing drink (ENP7) project that requires equipment with a purchase price of $900,000. The installation cost of $220,000 for the ENP7-producing...

Answered: 1 week ago

Question

★★★★★

What is your assessment of the negotiations process, given what you have studied? What are your recommendations for Mr. Reed? You must justify your conclusions

Answered: 1 week ago

Question

★★★★★

The price of a share of a particular stock listed on the New York Stock Exchange is currently $39. The following probability distribution shows how the price per share is expected to change over a...

Answered: 1 week ago

Question

★★★★★

Develop your own worksheet for the Butler inventory simulation model shown in Figure 16.10. Suppose that management prefers not to charge for loss of goodwill. Run the Butler inventory simulation...

Answered: 1 week ago

Question

★★★★★

AutoIgnite produces electronic ignition systems for automobiles at a plant in Cleveland, Ohio. Each ignition system is assembled from two components produced at AutoIgnites plants in Buffalo, New...

Answered: 1 week ago

Question

★★★★★

The cost of goods sold for Canadian Tire for a recent year was $7,326 million. The balance sheet showed the following current account balances (in millions): Determine the amount of cash payments for...

Answered: 1 week ago

Question

★★★★★

On the basis of the details of the following bonds payable and related discount accounts, indicate the items to be reported in the Financing section of the statement of cash flows, assuming no gain...

Answered: 1 week ago

Question

★★★★★

Union Financial Services Ltd. purchased the following held-for-trading securities during 2014, its first year of operations: There were no sales of securities during 2014 or 2015. The market price...

Answered: 1 week ago

Previous Question Next Question