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3. Jimmy Corp's stock price at the end of last year was $31.15 and its earnings per share for the year were $2.45. What was

3. Jimmy Corp's stock price at the end of last year was $31.15 and its earnings per share for the year were $2.45. What was its P/E ratio?

A. 11.65

B. 12.00

C. 12.35

D. 12.71

E. 13.05

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