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A company reported annual earnings per share of $2

Finance Dec 22, 2020

A company reported annual earnings per share of $2.13. If the price is currently $87.13 per share, what is the PE ratio? O 0.02 40.91 O 85.00 87.13

Expert Solution

Given that price per share = $87.13

Also , earning per share =$2.13

We know that:

P/E ratio = price per share / earning per share

Hence P/E ratio = $87.13/$2.13

= 40.91%

Hence P/E ratio is 40.91%

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