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You recently received $1,000 as gifts for graduating and are thinking of investing it in...

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Accounting

You recently received $1,000 as gifts for graduating and are thinking of investing it in Apple Corp. The Apple Corp. shares are trading at $120 per share and earnings per share is $10. There are 12,000 common shares outstanding and 2020 earnings of Apple Corp. are $120,000.

What is Apple Corp.s price earnings ratio?

A.

10
B.

1
C.

11
D.

12

Answer & Explanation Solved by verified expert
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