dearborn company has earnings per share of $1.20, it paid a dividend of $0.50 per share, and the market price of the company's stock is $45 per share. the price/earnings ratio is closest to: (round your answer to 2 decimal places.)

Earnings per share (EPS) is an organization's net benefit separated by the number of normal shares it has exceptional. EPS demonstrates how much cash an organization makes for each share of its stock and is a generally involved measurement for assessing corporate worth. The higher the earnings per share of an organization, the better its profitability. While computing the EPS, it is fitting to utilize the weighted proportion, as the number of shares exceptional can change over the long run. Stocks with an 80 or higher rating have the most obvious opportunity with regard to progress. In any case, organizations can support their EPS figures through stock buybacks that decrease the number of exceptional shares.

To learn more about stock and dividends,

https://brainly.com/question/29762632

#SPJ4