Suppose you own stock in Beach Front Resort Inc which had earnings of 2.10 per share last year. If yesterday's closing price was 58.80, what is the price-earnings ratio of the stock? (Round to the nearest whole number)
A) 4
B) 0.04
C) 2.8
D) 28
Question 2
Webster Digital received a promissory note of 8,000 for 9 months at 7 simple interest from one of its customers. After 4 months, the note was discounted at Bank of Aventura at a discount rate of 10. What are the proceeds Webster Digital will receive from the discounted note? (Round to the nearest cent)
A) 10,587.99
B) 8,069.17
C) 12,110.00
D) 9,000.00
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Stock Market Question
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...