The two types of securities offerings in the primary markets are ________ and ________
A) seasoned new issues; long-term bonds
B) long-term bonds; government bills and notes
C) initial public offerings; seasoned new issues
D) seasoned new issues; penny stocks
E) initial public offerings; seasoned old issues
Answer: C
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Kelemen, Inc provides the following information for 2017
Net income $260,000 Market price per share of common stock $50 per share Dividends paid $190,000 Common stock outstanding at Jan. 1, 2017 150,000 shares Common stock outstanding at Dec. 31, 2017 210,000 shares The company has no preferred stock outstanding. Calculate the price/earnings ratio of common stock. (Round any intermediate calculations and your final answer to two decimal places.) A) 40.32 times B) 50.00 times C) 34.72 times D) 28.90 times
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