The Crestar Company reported net income of $166,600 on 29,000 average outstanding common shares. Preferred...
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Accounting
The Crestar Company reported net income of $166,600 on 29,000 average outstanding common shares. Preferred dividends total $12,900. On the most recent trading day, the preferred shares sold at $59 and the common shares sold at $89. What is this company's current price-earnings ratio? (Do not round your intermediate calculations.)
Multiple Choice
15.49
16.79
17.41
None of these answers are correct.
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