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A company reported the following: Net income $301,400 Preferred dividends $22,330 43,000 Shares of common stock outstanding Market price per share of common stock $121.82

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A company reported the following: Net income $301,400 Preferred dividends $22,330 43,000 Shares of common stock outstanding Market price per share of common stock $121.82 Calculate the company's price-earnings ratio. Round your answer to two decimal places. X Feedback Check My Work Incorrect

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