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Blue Corporation reported earnings per share of common stock at $ 1 2 in 2 0 1 7 and paid dividends of $ 3 per

Blue Corporation reported earnings per share of common stock at $

12

2017

and paid dividends of $

3

per share. The current market price per share is $

102

and the book value per share is $

54 .

Blue Corporation has no preferred stock. How much is the company

s price

-

earnings ratio?

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