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A company reports the following: $665,860 Net income Preferred dividends $49,320 Shares of common stock outstanding 58,000 Market price per share of common stock $202.08
A company reports the following: $665,860 Net income Preferred dividends $49,320 Shares of common stock outstanding 58,000 Market price per share of common stock $202.08 Calculate the company's price-earnings ratio. Round your answer to two decimal places
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