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Suppose that the P/E ratio for Apple Corp. currently is 22.6, and the trailing 12-month reported earnings per share is $10.06. Based on this information,

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Suppose that the P/E ratio for Apple Corp. currently is 22.6, and the trailing 12-month reported earnings per share is $10.06. Based on this information, what is the current share price of Apple? Enter your answer in dollars and cents to two decimal places of accuracy. Do not type the $ symbol

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