Select the correct answer.

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?

good luck on your studies! : )

david edward.

2160ft3

step-by-step explanation:

for this case we have by definition, if two lines are perpendicular, then the product of their slopes is -1.

then, given the following line:

so,

we are looking for m_ {2}:

then, the line is given by:

we find "b" replacing the given point:

finally, the equation is:

option c