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The PE ratio of a company is defined as: Price per Share PE Ratio Earnings per Share If a company has issued 1.2 million shares,

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The PE ratio of a company is defined as: Price per Share PE Ratio Earnings per Share If a company has issued 1.2 million shares, the share price is $75 per share, and the company has generated $24 million in earnings, calculate the PE ratio. Give your answer to 2 decimal places

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