The price-earnings ratio of a stock is given by R(PE)=P/E

Last updated: 7/17/2022

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