Question: GE Electronics Corp. has reported that its net income for 2019 is $1,500,000. The firm has 500,000 shares outstanding and a PE ratio of 15

GE Electronics Corp. has reported that its net income for 2019 is $1,500,000. The firm has 500,000 shares outstanding and a PE ratio of 15 times. What is the firm's share price? (Round your intermediate and final answer to two decimal places.) O $45.00 O $5.00 O $6.80 O $3.00

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