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The current market price of Nike Inc. is $50 per share. If the Nike reported net earnings was $6,000,000 last year and it has a

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The current market price of Nike Inc. is $50 per share. If the Nike reported net earnings was $6,000,000 last year and it has a total outstanding common share of 1.5 million, what is the firm's P/E ratio? 8.80 22.80 12.50 31.67

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