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Atlas company sells for $32/ share and its latest 12 month earnings are expected to be $4 per share with dividend payout ratio of 50%.

Atlas company sells for $32/ share and its latest 12 month earnings are expected to be $4 per share with dividend payout ratio of 50%. what is atlas' current p/e ratio? (Please show work)

a) 8

b)2.67

c)16

d)5.33

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