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Business, 19.11.2019 06:31 averyeverdeen01

Tronnes corporation's net income last year was $1,750,000. the dividend on common stock was $2.60 per share and the dividend on preferred stock was $2.50 per share. the market price of common stock at the end of the year was $57.70 per share. throughout the year, 300,000 shares of common stock and 100,000 shares of preferred stock were outstanding. the price-earnings ratio is closest to: a. 17.85 b. 11.54 c. 24.04 d. 9.89

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