The following information was taken from the financial statements of Monarch Resources Inc. for December 31 of the current fiscal year:
Common stock, $125 par value (no change during the year) . $12,500,000
Preferred $6 stock, $90 par (no change during the year) ..... 2,250,000
The net income was $1,300,000, and the declared dividends on the common stock were $460,000 for the current year. The market price of the common stock is $92 per share.
For the common stock, determine
(a) The earnings per share,
(b) The price-earnings ratio,
(c) The dividends per share, and
(d) The dividend yield.