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The Crestar Company reported net income of $93,600 on 19,000 average outstanding common shares. Preferred dividends total $11,900. On the most recent trading day, the
The Crestar Company reported net income of $93,600 on 19,000 average outstanding common shares. Preferred dividends total $11,900. On the most recent trading day, the preferred shares sold at $49 and the common shares sold at $79. What is this company's current price-earnings ratio? (Do not round your intermediate calculations.) Multiple Choice 16.04 18.37
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