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3. Problem 4.05 (Price-Earnings Ratio) B eBook A company has an EPS of $3.00, a book value per share of $29,40, and a market/book ratio

3. Problem 4.05 (Price-Earnings Ratio) B eBook A company has an EPS of $3.00, a book value per share of $29,40, and a market/book ratio of 1.4x. What is its P/E ratio? Do not round intermediate calculations. Round your answer to two decimal places

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