Author Question: Suppose you own stock in National Advertising which had earnings of 2.50 per share last year. If ... (Read 59 times)

neverstopbelieb · **on:** Jun 24, 2018

Suppose you own stock in National Advertising which had earnings of 2.50 per share last year. If yesterday's closing price was 41.50, what is the price-earnings ratio of the stock? (Round to the nearest whole number)
A) 6:1
B) 1:17
C) 4:1
D) 17:1

Question 2

Innovative Engineering received a promissory note of 15,500 at 11 simple interest for 15 months from one of its customers. After 3 months, Union Bank discounted the note at a discount rate of 13. Calculate the proceeds that Innovative Engineering will receive from the discounted note. (Round to the nearest cent)
A) 18,855.17
B) 16,495.62
C) 15,339.19
D) 12,456.22