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A company has an EPS of $ 3 . 4 5 , a book value per share of $ 3 5 . 1 9 ,

A company has an EPS of $3.45, a book value per share of $35.19, and a market/book ratio of 2.9\times . What is its P/E ratio? Do not round intermediate calculations. Round your answer to two decimal places.

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