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Problem 4.05 (Price Earnings Ratio) Question 12 of 20 Check My Work (3 remaining) eBook A company has an EPS of $2.40, a book value

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Problem 4.05 (Price Earnings Ratio) Question 12 of 20 Check My Work (3 remaining) eBook A company has an EPS of $2.40, a book value per share of $23.52, and a market/book ratio of 1.5x. What is its P/E ratio? Do not round Intermediate calculations. Round your answer to two decimal places

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