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REAGAN CORP HAS REPORTED A NET INCOME OF $847,700 FOR THE YEAR. THE COMPANY'S SHARE PRICE IS $13.19 AND HAS 319,740 OUTSTANDING SHARES. COMPUTE THE

REAGAN CORP HAS REPORTED A NET INCOME OF $847,700 FOR THE YEAR. THE COMPANY'S SHARE PRICE IS $13.19 AND HAS 319,740 OUTSTANDING SHARES. COMPUTE THE FIRM'S PRICE-EARNINGS RATIO.

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