Problem:
A stock report contains the following information: P/E 21.4, closing price 28.16, dividend 1.10, net chg .06, and ask of 28.22 Ã- 300. Which one of the following statements is correct given this information? The stock price has increased by 6 percent thus far this year. The closing price on the previous trading day was $28.10. The earnings per share are approximately $2. The dividend yield is 21.4 percent. The bid-ask spread is $.300.
Explain comprehensively and show all workings.