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Question(s) / Instruction(s):

A company has a market value per share of $73.00.  Its net income is $1,750,000 and the weighted-average number of shares outstanding is 350,000.  The companys price earnings ratio equals:
a)    20.9
b)    4.2
c)    14.6
d)    20.0
e)    6.8

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