The following information pertains to the Kathy Company for the year ended December 31, Year 2: Common shares outstanding 1,000,000 Stated value per share $10.00 Market price per share $80.00 Year 1 dividends paid per share $ 4.00 Year 2 dividends paid per share $ 5.00 Earnings per share $ 8.00 The price-earnings ratio for Kathy's common stock is
a. 8 times
b. 9 times
c. 10 times
d. 12 times
e. 14 times
C
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Answer the following statement true (T) or false (F)