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Smolira Golf Corp. has 40,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2012 was

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Smolira Golf Corp. has 40,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2012 was $30. What is the price-earnings ratio? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g. 32.16))

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