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

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The price-earnings ratio of a stock is given by R(P,E) = M U 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 $34.36 and the earnings per share were $1.65. Find the price-earnings ratio. . . The price-earnings ratio is (Round to the nearest hundredth.)

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