There are 3 million common and 1 million preferred Kline Inc. shares outstanding. Common shares closed...

 

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There are 3 million common and 1 million preferred Kline Inc. shares outstanding. Common shares closed on the TSX November 18 at $80.64 each, after an announcement that net income for the year was $22,500,000, and that a dividend of $2.25 would be paid on common shares and a dividend of $0.90 would be paid on preferred shares. What was Kline's P/E ratio on that date? There are 3 million common and 1 million preferred Kline Inc. shares outstanding. Common shares closed on the TSX November 18 at $80.64 each, after an announcement that net income for the year was $22,500,000, and that a dividend of $2.25 would be paid on common shares and a dividend of $0.90 would be paid on preferred shares. What was Kline's P/E ratio on that date?

Answer rating: 100% (QA)

To calculate Kline Incs pricetoearnings PE ratio we firs... View the full answer