If a stock's P/E ratio is 13.5 at a time when earnings are $3 per year, what is the stock's current price?
A. $4.50
B. $18.00
C. $22.22
D. $40.50
Answer:D
If a stock's P/E ratio is 13.5 at a time when earnings are $3 per year, what is the stock's current price?
A. $4.50 B. $18.00 C. $22.22 D. $40.50