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Conglom Holdings Inc. has 2,500,000 shares outstanding with a current market value of $10.25 per share. At the end of its latest fiscal year, the

Conglom Holdings Inc. has 2,500,000 shares outstanding with a current market value of $10.25 per share. At the end of its latest fiscal year, the company recorded net earnings of $6.5 million. What is the price-to-earnings ratio for Conglom Holdings Inc

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