A company has net income of $865,000; its weighted-average common shares outstanding are 173,000. Its dividend per share is $1.30, its market price per share is $105, and its book value per share is $101.5. Its price-earnings ratio equals (Do not round your intermediate calculations) : a. 2.20. b. 20.30. c. 21.00. d. 3.50. e. 4.80.
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