Author Question: Suppose you own stock in Beach Front Resort Inc which had earnings of 2.10 per share last year. If ... (Read 104 times)

madam-professor

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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



briseldagonzales

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Answer to Question 1

D

Answer to Question 2

B



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