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If net income is $130,000 and interest expense is $40,000 for 2009, and the market price is $30, what is the price-earnings ratio on common

If net income is $130,000 and interest expense is $40,000 for 2009, and the market price is $30, what is the price-earnings ratio on common stock (rounded to one decimal place)? a. 14.9 b. 13.8 c. 10.6 d. 20.0

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