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Author Question: Suppose you own stock in Beach Front Resort Inc which had earnings of 2.10 per share last year. If ... (Read 105 times)

madam-professor

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on: Jun 24, 2018
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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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


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