Song Corp's Stock Price at the End of Last Year

question 8

Multiple Choice

Song Corp's stock price at the end of last year was $28.50 and its earnings per share for the year were $1.30.What was its P/E ratio?

• A) 22.58
• B) 18.85
• C) 21.48
• D) 21.92
• E) 20.39

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Definitions:

Dorsal Hollow Nerve Cord

A characteristic feature of the phylum Chordata, it is a tube-like structure found along the back (dorsal side) that develops into the central nervous system.

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A diverse group of invertebrate animals characterized by a soft body, many with a calcium carbonate shell, including snails, clams, and octopuses.

Hydraulic System

A technology in engineering that uses pressurized fluid to produce or transmit power.

Tube Feet

Small, flexible, hollow appendages used mostly for movement and feeding by echinoderms, such as sea stars and sea urchins.