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What is Daniel price-earnings ratio at December

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Question - Daniel Corporation had net income for 2024 of $74,000. Daniel had 9,000 shares of common stock outstanding at the beginning of the year and 26,000 shares of common stock outstanding at the end of the year. There were 10,000 shares of preferred stock outstanding all year. During? 2024, Daniel declared and paid preferred dividends of $25,000. On December? 31, 2024, the market price of Daniel's common stock is $45 per share and the market price of its preferred stock is $74 per share. What is Daniel's price/earnings ratio at December 31, 2024?

Reference no: EM133035310

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