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The Crestar Company reported net income of $ 1 0 6 , 6 0 0 on 2 1 , 0 0 0 average outstanding common

The Crestar Company reported net income of $106,600 on 21,000 average outstanding common shares. Preferred dividends total $12,100. On the most recent trading day, the preferred shares sold at $51 and the common shares sold at $81. What is this company's current price-earnings ratio? (Do not round your intermediate calculations.)
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