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A company reported the following: Net income $384,910 Preferred dividends $28,510 Shares of common stock outstanding 40,000 Market price per share of common stock $38.31
A company reported the following:
Net income | $384,910 |
Preferred dividends | $28,510 |
Shares of common stock outstanding | 40,000 |
Market price per share of common stock | $38.31 |
Calculate the company's price-earnings ratio. Round your answer to two decimal places. fill in the blank 1
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