The table below shows the share price, earnings per share, and dividends per share for three banks
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The table below shows the share price, earnings per share, and dividends per share for three banks as at May 2012:
a. Determine the price-earnings ratio and dividend yield for the three banks. Round to one decimal place.
b. Which bank is viewed most favourably by the market in terms of its future earnings prospects?
c. Which bank's shares would you prefer to own if you were interested mainly in receiving income?
Dividend yield refers to a stock's annual dividend payments to shareholders, expressed as a percentage of the stock's current price. The dividend per share that a company pays divided by the share price. This is reported on the financial statements...
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Related Book For
Accounting Volume 2
ISBN: 978-0176509743
2nd Canadian edition
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
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