« previous next »

Author Question: Suppose you own stock in the Golf Tour Corporation which had earnings of 0.90 per share last year. ... (Read 107 times)

chads108

  • Hero Member
  • *****
  • 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

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Georges de La Tour, Joseph the Carpenter. Georges de La Tour, Joseph the Carpenter.
Research that has examined babies' ability to recognize themselves develops in the 2 year Research that has examined babies' ability to recognize themselves develops in the 2 year
ADHD (Stock photo) ADHD (Stock photo)
Chinese new year 2023 Chinese new year 2023
Video: Bone tissue types - compact and spongy

For a complete list of videos, visit our video library