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30. Hotel Company has $4 earnings per share on common stock, and a 20.0 price-earnings (P/E) ratio. The market price per share of common stock

30. Hotel Company has $4 earnings per share on common stock, and a 20.0 price-earnings (P/E) ratio. The market price per share of common stock is _____.

A. $20

B. $40

C. $60

D. $80

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