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Trenton Company has provided the following information: Net income, $240,000 Preferred shares issued, 6,000 Weighted average number of shares of common stock issued, 24,000 Cash dividends declared and paid on common stock, $30,000 Market price per share, $36 Weighted average number of treasury shares of common stock, 4,000 What is Trenton's price/earnings ratio? 3.0 5.1 3.4 4.5