How is the price/earnings ratio (PER) calculated? (a) Market price per share/Book value per share. (b) Market price per share/Earnings per share. (c) Cash dividends per share/Market price per share....

How is the price/earnings ratio (PER) calculated? (a) Market price per share/Book value per share. (b) Market price per share/Earnings per share. (c) Cash dividends per share/Market price per share. (d) Cash dividends per share/Earnings per share.