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A corporation reported net income of $3,730,000 and paid preferred cash dividends of $100,000 during the current year.There were 600,000 shares of common stock outstanding and the market price per common share was $88.33 at year-end.Calculate the company's price-earnings ratio.
Coefficient Of Determination
A statistical measure that assesses the proportion of variance in a dependent variable that is predictable from the independent variable(s).
Variance
The statistical measurement of the spread between numbers in a data set, indicating how much each number differs from the mean of the data set.
Negative
A value less than zero or a direction opposite to the expected or common.
Variance
A measure of the dispersion of a set of data points around their mean, indicating how spread out the data points are.
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