Toledo Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000 in 2009. The weighted average number of shares outstanding in 2009 was 50,000 shares. Toledo Corporation's common stock is selling for $50 per share on the New York Stock Exchange. Toledo Corporation's price-earnings ratio is
A) 10 times.
B) 5 times.
C) 2 times.
D) 8 times.
A
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