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At December 31, McKensies price-earnings ratio was 13.4. McKensies net income was $330,000, its earnings per share was $3.50, and its annual dividend per share
At December 31, McKensies price-earnings ratio was 13.4. McKensies net income was $330,000, its earnings per share was $3.50, and its annual dividend per share was $2.00.
What was the per share market price of McKensies stock at December 31?
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