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Addition to retained earnings for the year just ended for McDermott, Inc. was $530,000. The firm paid out $230,000 in cash dividends and it has
Addition to retained earnings for the year just ended for McDermott, Inc. was $530,000. The firm paid out $230,000 in cash dividends and it has ending total equity of $6.3 million. If the current stock price is $73 and the company currently has 190,000 shares of common stock outstanding, what is the price-earnings (P/E) ratio
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