Richards Corporation had net income of $241,562 and paid dividends to common stockholders of $49,400. It had 53,800 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $62 per share. The price-earnings ratio (rounded to two decimal places) is a.12.85 times b.15.39 times c.13.81 times d.15.05 times

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A:

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