On January 1, 2021 Travellers Ltd. had 350,000 common shares issued and outstanding and 10,000 non-cumulative non-convertible $1.50 preferred shares outstanding. On March 1, 2021 Travellers issued 45,000 additional shares and on October 1, 2021 Travellers repurchased 50,000 of it outstanding common shares, paying $30.00 per share. In addition, the Board of Directors declared dividends on both the preferred and common shares. As of December 31, 2021 the market price per common share was $35.00. For the 2021 fiscal year Travellers Ltd. reported net income of $300,000 and net other comprehensive income of $25,000. Given this information, what is the earning per share (EPS) and price earnings ratio (P/E) for Travellers Ltd. as of December 31, 2021.

Answer rating: 100% (QA)

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