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4-6: Market Value Ratios Price/Earnings Ratio A company has an EPS of $2.55, a book value per share of $25.50, and a market/book ratio of

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4-6: Market Value Ratios Price/Earnings Ratio A company has an EPS of $2.55, a book value per share of $25.50, and a market/book ratio of 1.1x. What is its P/E ratio? The stock price should be rounded to the nearest cent. Round your answer to two decimal places

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