Question
IBM has a profit margin of 6 percent on sales of $542,500. The firm currently has 35,000 shares of stock outstanding at a market price
IBM has a profit margin of 6 percent on sales of $542,500. The firm currently has 35,000 shares of stock outstanding at a market price of $15.80 per share. What is the price-earnin ratio?
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ISE Real Estate Finance And Investments
Authors: Jeffrey Fisher William B. Brueggeman
17th International Edition
1264892888, 9781264892884
