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A firm has 50,000 shares of stock outstanding, net income of $100,000, and a PE ratio of 15. What will the firm's PE ratio be

A firm has 50,000 shares of stock outstanding, net income of $100,000, and a PE ratio of 15. What will the firm's PE ratio be if the firm issues additional 25,000 new shares? Assume all else remains constant.

12.0

13.0

15.0

7.5

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