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Napoli industries had net income for year 2 of $650,000. napoli had an average number of shares outstanding at the end of the year of 500,000 shares. on january 1, year 2, the market price of napoli’s stock was $20 per share. on december 31, year 2, the market price was $22 per share. what is the price-earnings ratio for napoli at the end of year 2?

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