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The market price of Friden Company's common stock increased from $15 to $18. Earnings per share of common stock remained unchanged. What would happen to

The market price of Friden Company's common stock increased from $15 to $18. Earnings per share of common stock remained unchanged. What would happen to the company's price-earnings ratio? O A) Increase B) Impossible to determine. O C) Remain unchanged O D) Decrease

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