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Company Y's stock is currently trading at $120 per share. It has 10 million shares outstanding. Last year the company's Net Income was $40 million.

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Company Y's stock is currently trading at $120 per share. It has 10 million shares outstanding. Last year the company's Net Income was $40 million. Based on last year's earnings, the company's Priceto-earnings (P/E) ratio is 12 40 3 30

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