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Assume a national corporation has a net income of $1.01 million and 134,000 shares of common stock. Currently, the stock is on the market for

Assume a national corporation has a net income of $1.01 million and 134,000 shares of common stock. Currently, the stock is on the market for $25.75. Compute the earnings per share and the price/earnings ratio. The earnings per share is?

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