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Problem 4-5 Price/Earnings Ratio A company has an EPS of $3.60, a book value per share of $33.48, and a market/book ratio of 2.5x. What

Problem 4-5 Price/Earnings Ratio

A company has an EPS of $3.60, a book value per share of $33.48, and a market/book ratio of 2.5x. What is its P/E ratio? The stock price should be rounded to the nearest cent. Round your answer to two decimal places.

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