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A corporation's stock is selling at $40 per share, and its earnings are $8 per share. The corporation is paying an annual dividend of $4.00.

A corporation's stock is selling at $40 per share, and its earnings are $8 per share. The corporation is paying an annual dividend of $4.00. What is the price-earnings ratio?

a 5.0
b 50.0
c 320.0
d 32.0

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