If a Share of Stock in Dell Sells for $70

question 163

True/False

If a share of stock in Dell sells for $70, the retained earnings per share are $5, and the dividend per share is $2, then the price-earnings ratio is 10.

---

Definitions:

Court Action

Legal proceedings initiated to enforce or protect a right, or to seek a remedy in a dispute.

Limitation Period

A legally defined time within which legal action must be initiated for a claim or right to be valid.

Legislation

Laws or legal statutes passed by a governing body or legislature.

Hearing

A legal proceeding where evidence is presented and arguments are made before a decision-maker, such as a judge, without a formal jury present.