Fulton Company's price-earnings ratio is 8.0 and the market
price of a share of common stock is $32. The company has 3,000
shares of preferred stock outstanding with each share receiving
a dividend of $3 per share. The earnings per share of common
stock is:
a. $10.
b. $7.
c. $4.
d. $3.​
Answers: 1
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Fulton Company's price-earnings ratio is 8.0 and the market
price of a share of common stock is $32...
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