Question
Phantom enterprises' shares are trading at a price of $50 per share. We know that Phantom's Price-Earnings ratio is 20x and the number of shares
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Phantom enterprises' shares are trading at a price of $50 per share. We know that Phantom's Price-Earnings ratio is 20x and the number of shares outstanding amounts to 10 million. Estimate what Phantom's earnings?
a. $2.5 million
b. $25.0 million
c. $10.0 million
d. $100.0 million
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Principles Of Macroeconomics
Authors: Frank, Bernanke, Antonovics, Heffetz
3rd Edition
1259117162, 9781259117169
