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Business, 07.04.2020 23:45 nbnb8831

Ale Corporation had net income of $240,000 and paid dividends to common stockholders of $40,000 in 2017. The weighted average number of shares outstanding in 2017 was 60,000 shares. Ale Corporation's common stock is selling for $76 per share on the New York Stock Exchange. Ale Corporation's price-earnings ratio is?

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Ale Corporation had net income of $240,000 and paid dividends to common stockholders of $40,000 in 2...
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