Problem: The 5,000 shares of Goldsmith's outstanding common stock originally sold for $10 per share. As of 12/31/12, the stock is selling at $15 per share. What is Goldsmith's price/earnings ratio as of 12/31/12 (round to 2 decimal places)? A. 3.73 B. 3.00 C. 11.19 D. 7.46

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The 5,000 shares of Goldsmith's outstanding common stock originally sold for $10 per share. As of 12/31/12, the stock is selling at $15 per share. What is Goldsmith's price/earnings ratio as of 12/31/12 (round to 2 decimal places)?

A. 3.73

B. 3.00

C. 11.19

D. 7.46

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