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ComChip is a computer chip manufacturer. Its stock is selling at $50 per share. Estimated earnings next year total $200,000. The company currently has 100,000

ComChip is a computer chip manufacturer. Its stock is selling at $50 per share. Estimated earnings next year total $200,000. The company currently has 100,000 shares of common stock outstanding and will pay $20,000 in dividends. What is the firm's P/E ratio?

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