A company has net income of $90,000; its weighted-average common shares outstanding are 18,000. Its dividend per share is $0.45, its market price per share is $88, and its book value per share is $76. Its price-earnings ratio equals:
A. 9.0.
B. 15.2.
C. 12.5.
D. 17.6.
E. 16.9.
Answer: D
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