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The Crestar Company reported net income of $49,600 on 11,000 average outstanding common shares. Preferred dividends total $11,100. On the most recent trading day, the
The Crestar Company reported net income of $49,600 on 11,000 average outstanding common shares. Preferred dividends total $11,100. On the most recent trading day, the preferred shares sold at $41 and the common shares sold at $71. What is this company's current price-earnings ratio? (Do not round your intermediate calculations.) Multiple Choice O 15.75 O 20.29 O 22.18 O None of these answers are correct
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