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ACCOUNTING

JAMB 2000 - Question 34

Account 2000 JAMB Past Questions - Question 34: Maimalari Ltd had (i) Earning per share 47k(ii) Dividend per share 30k(iii) Par value of each share N1.20(iv) Market price per share N1.50 What will be the price earnings ratio of the company?

use the information below to answer the questions 33 and 34

Maimalari Ltd had (i) Earning per share 47k
(ii) Dividend per share 30k
(iii) Par value of each share N1.20
(iv) Market price per share N1.50
What will be the price earnings ratio of the company?

A: 3.91

B: 3.19

C: 2.95

D: 2.55

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ACCOUNTING

Account 2000 JAMB Past Questions - Question 34: Maimalari Ltd had (i) Earning per share 47k(ii) Dividend per share 30k(iii) Par value of each share N1.20(iv) Market price per share N1.50 What will be the price earnings ratio of the company?

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Correct Answer

Explanation