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8. Vriend Software Inc.'s book value per share is $12.50. Earnings per share is $1.69, and the firm's stock trades in the stock market at

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Vriend Software Inc.'s book value per share is $12.50. Earnings per share is $1.69, and the firm's stock trades in the stock market at 3.5 times book value per share. What will the P/E ratio be? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) P/E ratio times

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