The correct option is a. Song corp whose stock price at the end of last year was $28.50, its p/e ratio was 21.92.
P/E ratio = Market Price/ Earnings per share
P/E ratio = $28.50 / $1.30
P/E ratio = $ 21.92.
The price at which a share of stock is currently trading on the market is referred to as the stock price. When shares of a publicly traded firm are issued, their value is assigned a price that, ideally, represents the worth of the company itself. A stock's price will fluctuate in response to a variety of circumstances, such as shifts in the overall economy, shifts in specific industries, political developments, armed conflict, and environmental changes. In addition to the various factors that affect stock prices, a company's internal problems could influence its stock price to move either up or down.
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