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On the most recent trading day the preferred shares sold at

Question - The Crestar Company reported net income of $112,000 on 20,000 outstanding common shares. Preferred dividends total $12,000. On the most recent trading day, the preferred shares sold at $50 and the common shares sold at $95. What is this company's current price-earnings ratio?

A. 19

B. 17

C. 20

D. None of these answers is correct.

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Accounting Basics: On the most recent trading day the preferred shares sold at

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Accounting Basics: On the most recent trading day the preferred shares sold at

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