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A company has net income of $915,000; its weighted-average common shares outstanding are 183,000. Its dividend per share is $.60, its market price per share

A company has net income of $915,000; its weighted-average common shares outstanding are 183,000. Its dividend per share is $.60, its market price per share is $91, and its book value per share is $80.5. Its price-earnings ratio equals (Do not round your intermediate calculations)

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