Trenton Company has provided the following information: Net income, $150,000; Preferred shares issued, 5,100; Weighted average number of shares of common stock issued, 23,100; Cash dividends declared and paid on common stock, $21,000; Market price per share, $27; Weighted average number of treasury shares of common stock, 3,100. What is Trenton's price/earnings ratio

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers. b) may not accept the offer because it is considered lavish entertainment. c) must obtain written consent from batts brothers before accepting the offer.