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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 priceearnings ratio of a stock is given by
where is the price of the stock and is the earnings per share. Recently, the price per share of a certain company was $ and the earnings per share were $ Find the priceearnings ratio.
The priceearnings ratio is Round to the nearest hundredth.
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