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Company Xs stock is currently trading at $36 per share. It has 6 million shares outstanding. Last year the companys Net Income is $15 million.
Company Xs stock is currently trading at $36 per share. It has 6 million shares outstanding. Last year the companys Net Income is $15 million. Based on last year's earnings, the company's Price-to-earnings (P/E) ratio is _____.
Group of answer choices
9.4
2.4
14.4
6
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