Question
Thunder Road Corporation supplies parts for Indianapolis type race cars. The current market price per share of its common stock is $40. The latest annual
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Thunder Road Corporation supplies parts for Indianapolis type race cars. The current market price per share of its common stock is $40. The latest annual report reports net income of $2,225,000 and total common stock equity of $15,000,000. The annual report also listed 1,750,000 shares of common stock outstanding, $3,500,000 In Preferred Stock and the payment of a $3.00 per share common stock dividend and no preferred dividend. Using the information above, calculate: 1) Earnings per share, 2) P/E ratio, 3) Book Value per share, and 4) Dividend Yield
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