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Fast-Tech Corp's Common Shares Have a Market Value of $63

Question 151

Multiple Choice

Fast-Tech Corp's common shares have a market value of $63.The corporation's net income is $1,350,000 and the total number of shares outstanding is 450,000.The price-earnings ratio is:


A) 20.9.
B) 4.2.
C) 21.0.
D) 24.0.
E) 6.8.

Correct Answer:

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