Data Concerning Bouerneuf Company's Common Stock Follow The Price-Earnings Ratio Would Be:
A)2

Data concerning Bouerneuf Company's common stock follow: $$\begin{array} { l r } \text { Book value per share........... } & \$ 24.00 \\\text { Market value per share...... } & \$ 18.00 \\\text { Earnings per share ............. } & \$ 6.00 \\\text { Par value per share............. } & \$ 4.00 \\\text { Dividend per share ........... } & \$ 1.00\end{array}$$ The price-earnings ratio would be:

A) 2.00
B) 2.67
C) 3.00
D) 4.00

Correct Answer:

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