Question 11 Answer saved Marked out of 2.50 During the year, Blitzen Corporation had net income of $200,000, paid $40,000 in dividends to common stockholders, and paid $50,000 in dividends to preferred shareholders. The weighted average number of shares outstanding for the year was 40,000 shares, and Blitzen Corporation's common stock was selling for $35 per share on the New York Stock Exchange at the end of the year. Blitzen Corporation's price-earnings ratio is Remove flag Select one: O a. 5 times. O b. 8.75 times. c. 9.33 times. O d. 12.73 times. 7 times