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

Personal Finance
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ISBN:9781337669214
Author:GARMAN
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Chapter14: Investing In Stocks And Bonds
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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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