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An analyst gathers the following information on the publicly traded shares of XYZ Limited: Latest closing share price: $26.50 Total number of shares issued: 100
An analyst gathers the following information on the publicly traded shares of XYZ Limited: Latest closing share price: $26.50 Total number of shares issued: 100 million Annual earnings available to ordinary shareholders: $265 million Calculate the company's P/E ratio based on this information. Round your final answer to 2 decimal places
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