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8. Jedstone Home Decors has net income of $26,000, total assets of $143,000, total liabilities of $54,000, and a price-book ratio of 4.3. There are

8. Jedstone Home Decors has net income of $26,000, total assets of $143,000, total liabilities of $54,000, and a price-book ratio of 4.3. There are 50,000 shares of stock outstanding. What is the firm's price-earnings ratio

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