Modest Dress Company has a Book Value of $440,000,000. Its stock trades at a 200% premium over book. If its most recent ROE was 12.6%, what is its (P-e) "multiple?"
a) 3
b) 7.94
c) 15.87
d) 23.81
Answer: d) 23.81
Business
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A billandhold sale results when the buyer has not taken title nor billing but has taken delivery of the item.
a. true b. false
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