Dearborn Company has earnings per share of $2.90, it paid a dividend of $2.20 per share, and the market price of the company's stock is $62 per share. The price/earnings ratio is closest to: (Round your answer to 2 decimal places.) Multiple Choice 88.57. 8.80. 1.32. 21.38.

Dearborn Company has earning5 per share of $2.90, it paid a dividend of $220 per share, and the market price of the company's stock is $62 per share. The pricefearnings ratio is ciosest to: (Round your answer to 2 decimal places.) Multipte Choice 8857 8.80 1.32. 21.38