Author Question: Shares of Lorne and Greene Manufacturing now sell for 64. If the company had earnings per share of ... (Read 45 times)

james · **on:** Jun 24, 2018

Shares of Lorne and Greene Manufacturing now sell for 64. If the company had earnings per share of 3.70 last year, calculate the price-earnings ratio of the stock. (Round to nearest whole number)
A) 51:1
B) 23:1
C) 25:1
D) 17:1

Question 2

What is the effective interest rate of a simple discount note for 7,000 at a bank discount rate of 6, for 3 months? (Round to the nearest tenth percent)
A) 6.1
B) 5.8
C) 6.5
D) 7.2