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A company has earnings per share net income of $940,000; its weighted-average common shares outstanding are 188,000. Its dividend per share is $0.85, its market

A company has earnings per share net income of $940,000; its weighted-average common shares outstanding are 188,000. Its dividend per share is $0.85, its market price per share is $96, and its book value per share is $88.00. Its price-earnings ratio equals:

17.60.

8.00.

8.85.

7.15.

19.20.

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