Homework Answers
Preferred dividend= $100000*9%= $9000
Earning per share= (Net imcome-Preferred dividend)/Weighted average shares outstanding
= ($130000-9000)/60000
= $2.02 per unit
Price earning ratio= Market price/Earning per share
= $40/2.02
= 19.8
So, the answer is option B) 19.8
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