Mallard Corporation had a price-earnings ratio of 15,paid a dividend of $3,and retained earnings of $1 a share.What was the price of a share of Mallard stock?
A)$15
B)$30
C)$45
D)$60.

Question

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The Answer of Mallard Corporation had a price-earnings ratio of 15,paid a dividend of $3,and retained earnings of $1 a share.What was the price of a share of Mallard stock?
A)$15
B)$30
C)$45
D)$60.

Mallard Corporation Had a Price-Earnings Ratio of 15,paid a Dividend