Question: Question 2 1 Builtrite has reported that its net profits after tax was $ 2 , 4 0 0 , 0 0 0 . The

Question 21
Builtrite has reported that its net profits after tax was $2,400,000. The firm paid a common stock dividend of $150,000
and has 300,000 shares of common stock outstanding and a P-E ratio of 12. What is the firm's stock price?
$96
$90
$72
$66
$60
Is the answer 90 or 96?? Really confused bc i got 7.5 x 12=90 or is this 7.5 suppoused to be rounded and why?
 Question 21 Builtrite has reported that its net profits after tax

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