What will be the price earnings ratio of the company?

Use the information below to answer the question:

Maimalari Ltd had (i) Earning per share 47k (ii) Dividend per share 30k (iii) Par value of each share ₦1.20 (iv) Market price per share ₦1.50

What will be the price earnings ratio of the company?

Options

A) 3.91

B) 3.19

C) 2.95

D) 2.55

The correct option is B

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