Question:
The price-earnings ratio of a stock is given by R(PE)=P/E
Last updated: 7/17/2022
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The price-earnings ratio of a stock is given by R(PE)=P/E 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 $30.28 and the earnings per share were $1.18. Find the price-earnings ratio