Drake owns 100 stocks of Balancia, Inc. He had bought these stocks at a face value of $10. The market price of these stocks is now $50 each. Balancia has declared a dividend of 20% this year. Balancia's retained earnings for the year is $2,000,000 and it has 1,000,000 outstanding stocks. What is the P/E Ratio? 25 20 10 15
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