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(Choose1answer)
(20564) Market-value ratios: Perez Electronics Corp. has reported that its net income for 2006 is $1,276,351. The firm has 420,000 shares outstanding and a P-E ratio of 11.2 times. What is the firm's share price?
A. $34.05
B. $3.68
C. $11.20
D. $36.80
