or 24, the annual earnings for Tennessee Electronic Company were $3,400,000 . The corporation has 2,516,500 shares of common stock outstanding and pays an annual dividend of $0.55 per share. The closing price for a share of common stock was $24 last night. Calculate the following. (Round all answers to two decimal places if necessary.) 1. Current yield: % 2. Earnings per share: $ 3. Price-earnings (PE) ratio:
or 24, the annual earnings for Tennessee Electronic Company were $3,400,000 . The corporation has 2,516,500 shares of common stock outstanding and pays an annual dividend of $0.55 per share. The closing price for a share of common stock was $24 last night. Calculate the following. (Round all answers to two decimal places if necessary.) 1. Current yield: % 2. Earnings per share: $ 3. Price-earnings (PE) ratio:
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter12: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 4FPE: The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million...
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or 24, the annual earnings for Tennessee Electronic Company were
.
shares of common stock outstanding and pays an annual dividend of
per share. The closing price for a share of common stock was
last night. Calculate the following. (Round all answers to two decimal places if necessary.)
$3,400,000
The corporation has
2,516,500
$0.55
$24
|
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