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7. PacknCamp Corporation has a stock price of $50, has issued 2,000,000 shares of stock, has retained earnings of $4 million, and a dividend

7. PacknCamp Corporation has a stock price of $50, has issued 2,000,000 shares of stock, has retained earnings of $4 million, and a dividend yield of 4 percent. What is the price-earnings ratio of PacknCamp?

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