Mathematics, 16.04.2020 07:43 rayonnalawrence1000

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Drake owns 100 stocks of Balancia, Inc. He had bought these stocks at a face value of $10. The market price of these stocks is now $50 each.
Balancia has declared a dividend of 20% this year. Balancia's retained earnings for the year is $2,000,000 and it has 1,000,000 outstanding
stocks. What is the P/E Ratio?

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