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A company has earnings per share net income of $930,000; its weighted-average common shares outstanding are 186,000. Its dividend per share is $0.75, its market
A company has earnings per share net income of $930,000; its weighted-average common shares outstanding are 186,000. Its dividend per share is $0.75, its market price per share is $94, and its book value per share is $85.00. Its price-earnings ratio equals:
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