Last Year,High-Tech Electronics Earned $1

question 64

Multiple Choice

Last year,High-Tech Electronics earned $1.50 per share.If the current market value for a share of its stock is $45,what is the firm's P-E ratio?

• A)0.03
• B)3.30
• C)30.00
• D)33.00
• E)45.00

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Definitions:

Bilateral Contract

A type of agreement in which both parties involved promise to perform certain actions or obligations.

Consideration

A legal concept referring to something of value exchanged between parties in a contract, making the agreement binding and enforceable.

Unforeseen Circumstances

Events that could not have been predicted or expected and may impact contractual agreements or obligations.

Preexisting Duty Rule

A legal principle that asserts no additional consideration is necessary to modify a contract when a party is already legally obligated to perform a duty.