Business, 02.07.2021 04:10 elizavlsc4
In June 2007 General Motors (GM) posted a price-earnings ratio of 9.84. If
the price of the stock at that time was $36 per share, which of the following
must have been true?
a. GMâs earnings per share was 3.66.
b. GMâs coupon payment was $35 per year.
c. GMâs dividend yield for the year was 26%.
d. GMâs revenues that month were $366 million.
Answers: 2
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In June 2007 General Motors (GM) posted a price-earnings ratio of 9.84. If
the price of the stock a...
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