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A company has an EPS of $2.40, a book value per share of $24.24, and a market/book ratio of 2.1. What is its P/E ratio?

A company has an EPS of $2.40, a book value per share of $24.24, and a market/book ratio of 2.1. What is its P/E ratio? Do not round intermediate calculations. Round your answer to two decimal places.

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