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A company has an EPS of $1.65, a book value per share of $15.84, and a market/book ratio of 1.5x. What is its P/E ratio?

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A company has an EPS of $1.65, a book value per share of $15.84, and a market/book ratio of 1.5x. What is its P/E ratio? The stock price should be rounded to the nearest cent. Do not round intermediate calculations. Round your answers to two decimal places.

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