In 2008, XYZ Corporation Had Total Earnings of $200 Million

question 130

Multiple Choice

In 2008, XYZ Corporation had total earnings of $200 million and 50 million shares of the corporation's stock were outstanding. If the price-earnings ratio for XYZ is 20, then what is the price of a share of its stock?

• A)$5
• B)$10
• C)$80
• D)$500

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