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Suppose that a public corporation has a total market value (according to its stock price and number of shares outstanding) of $750 million. If its

Suppose that a public corporation has a total market value (according to its stock price and number of shares outstanding) of $750 million. If its current net income is $10 per share and it has 1.5 million shares outstanding, what is the value of its P/E ratio?

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100
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500
50

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