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What is money corporation price-earnings ratio

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Problem - Money Corporation had net income of $200,000 and paid dividends to common stockholders of $40,000 in 2021. The weighted average number of shares outstanding in 2021 was 50,000 shares. Money Corporation's common stock is selling for $28 per share on the New York Stock Exchange. What is Money Corporation's price-earnings ratio?

Reference no: EM132928113

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