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The price - earnings ratio of a stock is given by R ( P , E ) = P E where P is the price

The price-earnings ratio of a stock is given by
R(P,E)=PE
where P is the price of the stock and E is the earnings per share. Recently, the price per share of a certain company was $30.07 and the earnings per share were $2.07. Find the price-earnings ratio.
The price-earnings ratio is (Round to the nearest hundredth.)
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