A stock is currently selling for $26 per share, representing a price increase of $3...
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A stock is currently selling for $26 per share, representing a price increase of $3 for the year, and there are 2 million shares outstanding. The company recently reported net income of $2 million. The annual dividend per share is $1. What is the companys P/E ratio?
a. 26 times
b. $3 per share
c. $26 per share
d. 2.6 times
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