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The market price per share of common stock is $27 at the end of 2017. The EPS for 2017 is equal to $1.50 per share.

The market price per share of common stock is $27 at the end of 2017. The EPS for 2017 is equal to $1.50 per share. There are 12,000 shares of common stock outstanding at the end of 2017. What is the price-earnings ratio at the end of 2017 (rounded to two decimal places)?

A. 18.00

B. 40.50

C. 0.06

D. No answer choice is correct

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