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The Crestar Company reported net income of $75,600 on 16,000 average outstanding common shares. Preferred dividends total $11,600. On the most recent trading day, the
The Crestar Company reported net income of $75,600 on 16,000 average outstanding common shares. Preferred dividends total $11,600. On the most recent trading day, the preferred shares sold at $46, and the common shares sold at $76. What is this company's current price-earnings ratio? (Do not round your intermediate calculations.) A) 21.16 B) None of these are correct C) 16.08 D) 19.00
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Financial Accounting A Concepts Based Introduction
Authors: David Kolitz
1st Edition
1138844977, 978-1138844971
