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  3. the crestar company reported net income of $166,60

The Crestar Company reported net income of $166,600 on 29,000 average outstanding common...

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Accounting

The Crestar Company reported net income of $166,600 on 29,000 average outstanding common shares. Preferred dividends total $12,900. On the most recent trading day, the preferred shares sold at $59 and the common shares sold at $89. What is this company's current price-earnings ratio? (Do not round your intermediate calculations.)

Multiple Choice

  • 15.49

  • 16.79

  • 17.41

  • None of these answers are correct.

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