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Question: The Morton Company recently reported net profits after taxes of $10 million. It has 5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company's stock currently trades at $45 per share.

a. Compute the stock's earnings per share (EPS). Round the answer to two decimal places.

b. What's the stock's P/E ratio? Round the answer to two decimal places.

c. Determine what the stock's dividend yield would be if it paid $2.88 per share to common stockholders. Round the answer to two decimal places.

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Category:- Basic Finance
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