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RedCord Company's earnings per share of common stock for Year 1 is $2.50 and market price is $40.50. At the end of the year, total

RedCord Company's earnings per share of common stock for Year 1 is $2.50 and market price is $40.50. At the end of the year, total assets is $36,000 and total stockholders' equity is $15,200. Calculate the price-earnings ratio. 1.73 times 9.4 times 16.2 times 1.4 times

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