Benny is considering investing in Larkman, Inc. The current price of Larkman is $62 a share, the after-tax earnings are $37,900,000, and there are 13,000,000 outstanding shares of common stock. What is Larkman's price/earnings ratio

Common stock is a type of stock issued to the majority of a company's shareholders. Common shareholders enjoy certain rights that the other party to the preferred stock does not have. Instead of receiving regular payments, ordinary shareholders derive value from their stock as the company grows.

In other words, it's a way to split ownership of a company. Common stock represents the percentage of ownership of a company. For example, if a company has 100 issued shares, one share is equivalent to 1% of the company's ownership.

Common stock is a type of security that represents ownership of a company. There are other terms that correspond to common stock, such as B. Common stock, common stock, and voting stock.

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Benny is considering investing in Larkman, Inc. The current price of Larkman is $62 a share, the after-tax earnings are $37,900,000, and there are 13,000,000 outstanding shares of common stock. What is Larkman's price/earnings ratio?

a. 15.5

b. 21.3

c. 4.77

d. 17.6

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