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Author Question: Suppose you own stock in National Advertising which had earnings of 2.50 per share last year. If ... (Read 79 times)

neverstopbelieb

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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


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succesfull

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

D

Answer to Question 2

C


neverstopbelieb

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

yeungji

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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