If the Closing Price of a Stock Is $43

question 41

Multiple Choice

If the closing price of a stock is $43.87 and the annual earnings per share is $0.93, find the P/E ratio.

• A) 42.45
• B) 47.17
• C) 44.88
• D) 40.80

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Definitions:

Unlimited Liability

A situation where business owners are personally responsible for all of the company's debts, without any limit.