In 2013, XYZ Corporation had total earnings of $500 million and XYZ retained 20 percent of its earnings for future investments. If the price of a share of XYZ stock is $70 and if 100 million shares of its stock is outstanding, then what is the price-earnings ratio?
a. 6.25
b. 11.2
c. 14.0
d. 17.5
c
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Providing a constant number of workers with additional capital with which to work will ________ labor productivity at a(n) ________ rate.
A. increase; increasing B. decrease; decreasing C. increase; decreasing D. increase; constant
Traveler's checks are included in M1 but not in M2
Indicate whether the statement is true or false
Tariffs are more desirable than quotas if a government wants to increase revenues and reduce benefits to inefficient exporters
a. True b. False Indicate whether the statement is true or false
Which of the following can eliminate the inefficiency inherent in monopoly pricing?
a. arbitrage b. cost-plus pricing c. price discrimination d. regulations that force monopolies to reduce their levels of output