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Omarzen Corporation earns $800,000 at the end of the year. Eight percent preferred shares of $200,000 were issued during the year. The EPS of the
Omarzen Corporation earns $800,000 at the end of the year. Eight percent preferred shares of $200,000 were issued during the year. The EPS of the company is $6.00 and its P/E ratio is $3.00. What is the market value of its stock? Select a Choice Below current question choices OptionA $24.45 OptionB $16.50 OptionC $21.00 OptionD $18.00
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
