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A company reports the following: Net Income $252, 230 Preferred dividends $18, 680 Shares of common stock outstanding 45,000 Market price per share of common

A company reports the following: Net Income $252, 230 Preferred dividends $18, 680 Shares of common stock outstanding 45,000 Market price per share of common stock $66.38 Determine the company's price-earnings ratio

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