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3. Problem 4.05 (Price-Earnings Ratio) eBook A company has an EPS of $2.35, a book value per share of $25.65, and a market/book ratio of

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3. Problem 4.05 (Price-Earnings Ratio) eBook A company has an EPS of $2.35, a book value per share of $25.65, and a market/book ratio of 1.8x. What is its P/E ratio? The stock price should be rounded to the nearest cent. Do not round intermediate calculations. Round your answers to two decimal places

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