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A company has an EPS of $ 2 . 4 0 , a book value per share of $ 2 4 . 7 2 ,

A company has an EPS of $2.40, a book value per share of $24.72, and a market/book ratio of 3.1\times . What is its P/E ratio? Do not round intermediate calculations. Round your answer to two decimal places.

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