Partridge Ltd. issued common shares for $21.00 per share three months ago and the market price on December 31,2020 was $35 per share. The earnings per share [EPS] for the company is $3.00 and the dividends paid per share was $1 per share. The price-earnings ratio formula is: EarningspershareMarketpricepershare Compute the Price- Earnings ratio on December 31, 2020. Select one: a. 11.67 b. 17.50 c. 7.00 d. 10.50