Recently, the price-earnings ratio of Apple was 17 times and the price-earnings ratio of the Bank of

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Recently, the price-earnings ratio of Apple was 17 times and the price-earnings ratio of the Bank of Montreal was 11 times. The payout ratio of each company was 0% and 53%, respectively. Which company's shares would you purchase for growth? For income? Explain.
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Accounting Principles Part 3

ISBN: 978-1118306802

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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