Partridge Ltd. issued common shares for $21.00 per share three months ago and the market price on December 31, 2020 was $25 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: Market price per share Earnings per share Compute the Price- Earnings ratio on December 31, 2020. Select one: O a 10.50 b. 17.50 c. 11.67 O d. 7.00