A Stock Quote Shows a Last Price of 32

question 13

Multiple Choice

A stock quote shows a last price of 32.13,a P/E of 17,and a net change of −.23.Based on this information,which one of the following statements is correct?

• A)The closing price on the previous trading day was $.23 lower than today's closing price.
• B)A dealer can purchase the stock for $.23 less than an investor can.
• C)The earnings per share decreased by $.23 a share this year.
• D)The earnings per share have increased by 17 percent this year.
• E)The earnings per share are equal to 1/17^th of $32.13.

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Definitions:

Paste Options Button

A feature in software applications that allows users to choose how copied content will be inserted into a document.

Absolute Cell Reference

In spreadsheet applications, a cell reference that remains constant even when a formula is copied or moved to another cell, typically indicated by dollar signs ($).

Absolute Cell Reference

In spreadsheet applications, a cell reference that remains constant, even if the formula is copied or moved to a different cell.

Relative Cell Reference

In spreadsheet programs, a cell reference that adjusts automatically when the formula containing it is copied to another cell or location.