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5. Morton Co. reported earnings per share of $3 in 2010. The market price of the co

5. Morton Co. reported earnings per share of $3 in 2010. The market price of the co

5. Morton Co. reported earnings per share of $3 in 2010. The market price of the common stock was $45 at the end of 2010. The price-earnings ratio on this stock is

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