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Author Question: Suppose you own stock in the Golf Tour Corporation which had earnings of 0.90 per share last year. ... (Read 43 times)

chads108

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  • Posts: 507
on: Jun 24, 2018
Suppose you own stock in the Golf Tour Corporation which had earnings of 0.90 per share last year. If yesterday's closing price was 33.13, what is the price-earnings ratio of the stock? (Round to nearest whole number)
 A) 33:1
  B) 37:1
  C) 22:1
  D) 38:1

Question 2

Kate Davidson signed a simple discount note for 9,000. The discount rate is 5, and the term of the note is 18 months. What is the effective interest rate? (Round to the nearest tenth percent)
 A) 5.4
  B) 6.2
  C) 4.9
  D) 3.8


wuly

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

B

Answer to Question 2

A


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