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A company has a market-to-book ratio of 1.4 times and a price-earnings ratio of 39 times. If the firm's common stock is selling at $47.93

A company has a market-to-book ratio of 1.4 times and a price-earnings ratio of 39 times. If the firm's common stock is selling at $47.93 per share, what is the company's earning per share?

Round your answer to the nearest cent (e.g., 2.34).

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