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:

Units of X

A term often used in economics to denote a quantity of a particular good or service being considered.

Data

Information, especially facts or numbers, collected to be examined and considered and used to help decision-making.

Value for Y

This term does not directly correspond to a widely recognized economic concept without additional context. It may be used in specific mathematical or economic models to denote the value of a variable Y.

Marginal Utility

The change in total utility a person receives from consuming one additional unit of a good or service.