Question
The following information was taken from the financial statements of Monarch Resources Inc. for December 31 of the current year: Common stock, $125 par value
The following information was taken from the financial statements of Monarch Resources Inc. for December 31 of the current year: Common stock, $125 par value (no change during the year) $12,500,000
Preferred $6 stock, $90 par (no change during the year) $ 2,250,000
The net income was $1,300,000, and the declared dividends on the common stock were $460,000 for the current year. The market price of the common stock is $92 per share.
For the common stock, determine the earnings per share, the price-earnings ratio, the dividends per share, and the dividend yield.
Round to one decimal place except earnings per share, which should be rounded to the nearest cent.
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