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BLK, Inc. has 12,000 shares of stock outstanding with a market price per share of $60. The net aftertax earnings of the firm are $45,000.

BLK, Inc. has 12,000 shares of stock outstanding with a market price per share of $60. The net aftertax earnings of the firm are $45,000. The firm has just declared a 3-for-1 stock split. What will the price-earnings ratio be after the stock split? 16.00

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