The market price of friden company's common stock increased from $15 to $18. earnings per share of common stock remained unchanged. what would happen to the company's price-earnings ratio? a. remain unchanged b. impossible to determine. c. increase d. decrease

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

answer; read and consider the content of the items;

answer the law of increasing costs;