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Price-earnings ratio for the stock

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Reference no: EM131357591

In year 2016, ABC Corporation earned $68 million from which 35% was retained for investments and the rest was payed as dividends. If during the same year, shares of ABC stock was traded at $38 per share and if 52 million shares of its stock was outstanding, then the price-earnings ratio for the stock in year 2016 was?

  • 29
  • 30
  • 52
  • None of the above

Reference no: EM131357591

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