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The Apple Pie Company had net income of $49,500 and earnings per share of $5.17. Apple Pie declared dividends of $4.00 per share of
The Apple Pie Company had net income of $49,500 and earnings per share of $5.17. Apple Pie declared dividends of $4.00 per share of common stock during 2022. On December 31, 2022, the stock had a market price of $16.50 per share. Apple Pie's price/earnings ratio is closest to:
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
