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The Crestar Company reported net income of $87,400 on 18,000 outstanding common shares. Preferred dividends total $11,800. On the most recent trading day, the preferred

The Crestar Company reported net income of $87,400 on 18,000 outstanding common shares. Preferred dividends total $11,800. On the most recent trading day, the preferred shares sold at $48 and the common shares sold at $78. What is this company's current price-earnings ratio?

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