Song Corp's stock price at the end of last year was $28.75 and its earnings per share for the year were $1.30. What was its P/E ratio? O a. 27.64 Ob. 22.12 O c. 17.69 d. 23.00 e. 18.80

EBK CFIN
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ISBN:9781337671743
Author:BESLEY
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Chapter7: Stocks (equity) - Characterstics And Valuation
Section: Chapter Questions
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Song Corp's stock price at the end of last year was $28.75 and its earnings per share for the year were $1.30. What was its P/E ratio?
a. 27.64
b. 22.12
c. 17.69
d. 23.00
e. 18.80
Transcribed Image Text:Song Corp's stock price at the end of last year was $28.75 and its earnings per share for the year were $1.30. What was its P/E ratio? a. 27.64 b. 22.12 c. 17.69 d. 23.00 e. 18.80
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