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The price earnings (P/E) ratio is 5. The earnings per share over the last twelve months is $5.20. Common stock has a par value of

The price earnings (P/E) ratio is 5. The earnings per share over the last twelve months is $5.20. Common stock has a par value of $1 per share and was issued at $9 per share. What is the current market price of the stock?

Select one:

a. $46.80

b. $45.00

c. $5.00

d. $26.00

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