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Question 1 8 ( 1 point ) A company has net income of $ 5 0 0 0 0 0 , 1 5 0 0

Question

18 (1

point

)

A company has net income of $

500000, 150000

shares of common stock outstanding, and stock price is currently trading at $

41.00

per share. What is the price

-

earning ratio? Round to two places past the decimal point.

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