Question: 2
(Choose 1 answer)
Perez Electronics Corp. has reported that its net income for the year is $1,276,351. The firm has 420,000 shares
outstanding and a PE ratio of 11.2 times. What is the firm's share price? Round your intermediate and final answer
to two decimal places.
A. $34.05
B. $3.68
C. $11.20
D. $36.80
