Priceearnings ratio. The priceearnings ratio of a stock is given by where P is the price
Chapter 6, Problem 13(choose chapter or problem)
Priceearnings ratio. The priceearnings ratio of a stock is given by where P is the price of the stock and E is the earnings per share. The price per share of Hewlett-Packard stock was $32.03, and the earnings per share were $1.25. (Source: yahoo.finance.com.) Find the priceearnings ratio. Use decimal notation rounded to the nearest hundredth.
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