Meralco has earnings per share of P10. It is expected that the company’s stock should sell at 3 times its earnings. What is the market price per share? a. 30.00 b. 5.00 c.15.00 d.75.00
Meralco has earnings per share of P10. It is expected that the company’s stock should sell at 3 times its earnings. What is the market price per share? a. 30.00 b. 5.00 c.15.00 d.75.00
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 1DTM
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Meralco has earnings per share of P10. It is expected that the company’s stock should sell at 3 times its earnings. What is the market price per share?
a. 30.00
b. 5.00
c.15.00
d.75.00
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