treasury stock QUESTION 4 A corporation has 1000 shares, 5% preferred stock of $70.00 par preferred stock, and 5000 $50.00 par shares of common stock outstanding The net income for the year is $100,000 Common stock is presently sold on the stockmarket at a 20% premium What is the price/earnings (P/E) ratio? (Earnings per share = (Net Income - Preferred dividend) / the number of common shares outstanding) (P/E Ratio - Market value of common stock /EPS) 3.11 5.00 O 3.68 2.59 Clio Sate and Submit to see and submit. Click Save All Anses to see all ans DELL