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Franklin Corporation reported net income of $67,500 in 2016. The company had 75,000 shares of $14 par value common stock outstanding and a market price

Franklin Corporation reported net income of $67,500 in 2016. The company had 75,000 shares of $14 par value common stock outstanding and a market price of $54 per share. Franklin's price-earnings ratio was

6.0:1

60:1

49:1

3.9:1

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