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A company has income before taxes of $2,000 for the year. It expects to pay dividends $600 and has 500 shares of common stock

A company has income before taxes of $2,000 for the year. It expects to pay dividends $600 and has 500 shares of common stock issued and outstanding. The company's stock is currently trading at $50 per share. What is the company's PE ratio if its tax rate is 20 percent? Numeric Response

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