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The market price of a Company's common stock increased from $15 to $18. Earnings per share of common stock remained unchanged. The company's price-earnings ratio

The market price of a Company's common stock increased from $15 to $18. Earnings per share of common stock remained unchanged. The company's price-earnings ratio would:

A. decrease.

B. impossible to determine.

C. remain unchanged.

D. increase.

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