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  3. the crestar company reported net income of $120,40

The Crestar Company reported net income of $120,400 on 23,000 outstanding common shares. Preferred dividends...

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Accounting

The Crestar Company reported net income of $120,400 on 23,000 outstanding common shares. Preferred dividends total $12,300. On the most recent trading day, the preferred shares sold at $53 and the common shares sold at $83. What is this company's current price-earnings ratio? (Do not round your intermediate calculations.)

15.86

17.66

19.10

None of the above answers are correct.

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