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If a stock's P/E ratio is 13.5 at a time when earnings are $1.5 per year, what is the stock's current price? $16.10 $20.25 $8.50

If a stock's P/E ratio is 13.5 at a time when earnings are $1.5 per year, what is the stock's current price?

$16.10 $20.25 $8.50 $40.50

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