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| Subject:
British Stock Conversion
Category: Business and Money > Finance Asked by: gaamblor-ga List Price: $10.00 |
Posted:
20 Sep 2006 11:10 PDT
Expires: 20 Oct 2006 11:10 PDT Question ID: 767012 |
If a company earns $1US per year and trades for 300pence on the London Stock Exchange what the Price to Earnings ratio for that stock? |
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| Subject:
Re: British Stock Conversion
Answered By: denco-ga on 20 Sep 2006 13:02 PDT Rated:  |
Howdy gaamblor-ga, There are 100 pence (pennies) per Great Britain Pound (GBP), so 300 pence is the same as 3 GBP. As 1 USD is currently (as of 9/20/06) worth 0.529269 GBP, then the Price to Earnings ration or P/E of the stock is 3 divided by .529269 or around 5.67. Of course, we can do it with the exchange in US Dollars as well. 3 GBP is around 5.67 USD, which makes the P/E = 5.67/1.00 or 5.67. If you need any clarification, please feel free to ask. Search stategy: Personal experience. Currency calculator at the x-rates.com website. http://www.x-rates.com/calculator.html Looking Forward, denco-ga - Google Answers Researcher |
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| Subject:
Re: British Stock Conversion
From: denco-ga on 22 Sep 2006 16:39 PDT |
Much thanks for the 5 star rating, gaamblor-ga. Looking Forward, denco-ga - Google Answers Researcher |
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