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

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Calculus

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The price-earnings ratio of a stock is given by R(P,E) = 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 $33.59 and the earnings per share were $1.07. Find the price-earnings ratio.

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