The Crestar Company reported net income of $120,400 on 23,000 outstanding common shares. Preferred dividends...
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Accounting
The Crestar Company reported net income of $120,400 on 23,000 outstanding common shares. Preferred dividends total $12,300. On the most recent trading day, the preferred shares sold at $53 and the common shares sold at $83. What is this company's current price-earnings ratio? (Do not round your intermediate calculations.)
15.86
17.66
19.10
None of the above answers are correct.
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