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Ratzell's Place has a market-to-book ratio of 2.7, net income of $68,400, a book value per share of $37, and 45,000 shares of stock outstanding. What is the price-earnings ratio?
a) 28.16
b) 65.72
c) 59.09
d) 24.34
e) 55.10
Basic Finance, Finance
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